by kramoltz@hotmail.com | Apr 4, 2022 | Home Ownership
Homeowners in governmentally specified flood zones are at a greater risk of damage from flooding. Flooding damage is not covered by homeowners’ insurance policies. And if using a loan to buy, expensive mandatory flood insurance may be required by the lender....
by kramoltz@hotmail.com | Oct 19, 2021 | Home Ownership, Mortgages + Lending
Mortgage holders of more than 500 Phoenix and Scottsdale properties are now able to cancel their flood insurance due to flood map changes that went into effect July 20, 2021. That is because the flood insurance rate maps for a portion of northwest Scottsdale and...
by kramoltz@hotmail.com | Mar 26, 2021 | Arizona and Its Amenities
There are about 62,000 properties with an elevated risk of flooding in the metro Phoenix area. In the Scottsdale area – where SimplySOLD does a lot of work, the most impact is in the 85255 area code. To figure out if a property is in a flood plain, and if so,...
by kramoltz@hotmail.com | Oct 5, 2016 | Home Buying, Selling Your Home
The city and the Federal Emergency Management Agency (FEMA) have reconsidered a designated flood plain area east of Scottsdale Road, from roughly Deer Valley to Happy Valley. Better flood modeling techniques and improvements in infrastructure led to FEMA dropping the...
by kramoltz@hotmail.com | Jun 26, 2015 | Home Buying, Home Ownership
Flood plains are areas determined to be potentially affected by flooding. Why should you care? As Mesa, Arizona homeowners found out last year, flooding is possible in some neighborhoods. Flood damage is not covered by homeowners’ insurance policies, so you have...