The 100 year old house is charming, with many original architectural details. The price is really attractive. So why hasn't it sold? Four years ago, FEMA redrew the flood plain map to include this home. The longtime owner was vaguely aware of the change, but he didn't really pay attention. Then his wife died and he put the house on the market. It sold right away and all was well until the buyer's mortgage company balked at the flood plain designation. The owner got a surveyor and is appealing FEMA's conclusion. My buyer is tempted--very tempted. I'm wary--very wary. What say you?
This entry hasn't been re-blogged:
Re-Blogged By Re-Blogged At
- Topic: ActiveRain Community
Generate More Leads from this Listing
With a Trulia Pro Account
Find what you need?
See More Blog PostsAbout Real Estate! SEE MORE NOW!