Real Estate in the Flood Zone

By: Tina Stein
By: Tina Stein

When the contents of ones entire basement makes its' way to the curb, it's easy to feel this way.

"I wanna move. I do. I want to put a for sale sign out, I want to move," says Joni Abernathy.

But the pain of losing countless memories and keepsakes, twice, has even the most frustrated homeowners staying realistic.

"We have to keep going cause who's gonna buy our house here so we have to clean up the mess and save what we can," says Dore Rockwell.

By law, you must disclose any past flood damage to future home buyers. So Rockwell can't hide the fact her grandson's toys were swept away in the flood. Or that she's had to replace all four of her flooded cars twice in a year.

"I'm in my late 40's, I'm buying a house and now I'm trapped in it. I have no way of fixing it up and transferring to something newer cause I'm stuck in a river."

Several realtors say it will be difficult selling a home in a flood zone. And one realtor even says he doesn't suggest buying any homes in that area. So unless infrastructure changes, real estate in Churchill Park won't be moving anytime soon.

One realtor we spoke with says you may see people default on their loans and go bankrupt, just to get out of owning a flood-stricken home. But if you do that, this could harm your credit. The best thing realtors say is stick it out and hope the city can use the sales tax money to fix the problem.

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