Real Estate and Floods - Posted by Bev

Posted by Bert G on April 20, 1999 at 18:05:43:

Exactly 2 years ago yesterday, my entire city was evacuated due to flooding. I should have my basement finished this week. About 90% of the buildings in town had damage, and as a result, property owners had to take on a lot of debt for repairs. In my particular case, I now owe about $100k on a 4-plex that I paid $98K for in 1996. In two units the only thing salvageable was the ceilings. If you want to know more, e-mail me.

Bert Garwood
Grand Forks, ND

Real Estate and Floods - Posted by Bev

Posted by Bev on April 20, 1999 at 16:10:50:

Does anyone have any stats on what happens to Real Estate after a flood? Besides the fact that “Its all wet”

Any experiences after a flood disaster? We are in a pending flood condition. Thankfully we are just renting at this time.

Thanks for any information.