As to your last question, "Where would you secure your boat?"  You simply put it in the garage and close the garage door.  On a serious note, if the price is right, somebody could still go in there, gut it and still make a profit.  But once again, if the price is right.

How did the drywall look? Was there a bad odor in the house?  It must of been interesting, to say the least.

Joseph,

The lower level drywall & insulation already had been removed. No odor or mold. A  mountain river flood like this is a huge surge of water that comes through and is gone in 2 to 3 days. Nothing like New Orleans floods which I toured in January. The LP composite siding had absolutely no swelling or damage. With well over average mountain snow this year its likely to flood again this spring. The normal river channel is maybe 50 ft behind the house and maybe 3 ft lower than the floor of the home.

Paul, that is a truely "messed-up" situation.  People love to build in flood planes, and here we go again re-building New Orleans.  Of course if global warming is real there will be a lot of cities with dikes around them!  As far as your last question goes---undo all the foundation bolts and you've got yourself a house boat!

Paul - this is good reason I have never been interested in river front property.  You just never know how long it will be safe.

Hope they had good flood insurance.  Either they paid cash or those floods didn't happen very often in the past.

Must have been an interesting inspection.