Tag Archives | Flood damaged property

New Listings, Our Book & Open Houses

Click here to enjoy more interesting articles about Real Estate and look at our new listings and open houses for this weekend.

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Flood Damaged Homes: Who is Responsible for the Damage, the Buyer or the Seller When it Has Not Settled Yet?

I have just read a blog that again makes me feel sick for the people involved. What if a property is under contract and damaged or devastated by a natural disaster like the current floods? Who is responsible? There are no doubt many poor people having to deal with this very problem right now. As I hear stories of others battling with their insurance companies for clarification of what they will cover it appears that this is yet another scenario where the complexity will make an already tragic situation worse as they work out whose insurance company is responsible and if they will cover them anyhow!

Our best wishes to all those affected by these terrible floods, we hope the recovery is speedy for you!

Click here to see the blog from Carter capner law which may shed some light on the matter.

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