HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn’t learn that the home they were interested in was located in a flood zone until they were told by their lender that they needed to buy flood insurance.
Source: Inman News
HUD homes more likely to be in floodplains: Report
Published in FEMA, flood maps, flood zones, hud, Mortgage, national flood insurance program, nfip and Regulations
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