Flood Zone

[Anna Ryder]

Hello All,

I am looking at a house in a flood zone. It is a Zone A, which is the one that requires flood insurance.  After reading about the flood zone posts on BP's, I am sure that purchasing in a flood zone is a no-no if you can help it.  Is that how you all feel?  

Thanks for your opinion.  

Happy Tuesday! 

Anna 

[Barrett Bridgewater]

Actually Flood Zone properties can be hidden deals with a "flood zone flip!" We find often that the structure is built above the floodplain. If so, then we can petition FEMA to remove it off the FEMA Flood Map. At that point the lender mandate gets dropped, and you can choose to cancel the flood insurance. We've helped a lot of people do this.