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FIRMs display areas that fall within the 100-year flood boundary. Areas that fall within the boundary are called special flood hazard areas (SFHAs) and they are further divided into insurance risk zones. The term 100-year flood indicates that the area has a one-percent chance of flooding in any given year, not that a flood will occur every 100 ...
Each entry includes several cross-reference details, such as the names of the grantor (seller) and grantee (purchaser), the description of the parcel, the volume and page of the Deed books, the date, and other identifying characteristics of the transfer (for example, the type of deed).
Waterfront homes are a dream for many buyers, but they are more susceptible to flooding than homes located inland. Flood zones in the U.S. are designated by FEMA, the Federal Emergency Management ...
The extensive guarantees and protections offered by grant deeds include assurances of the grantor's legal authority to transfer ownership, the absence of undisclosed claims or encumbrances on the property, and protection against defects in title. [1] Understanding liens and encumbrances is important in real estate transactions.
A grantor–grantee index is a general term for two lists of real property transfers maintained in alphabetical order of the last name of the parties transferring the property. One list is the grantor index , an alphabetic list of sellers (grantors).
If investor-owned properties increasingly dominate flood-prone areas, the region may see a shift in property values and community dynamics as fewer long-term residents choose to live in high-risk ...
FEMA states that approximately 50% of low flood zone risk borrowers think they are ineligible and cannot buy flood insurance. Anyone residing in a community participating in the NFIP can buy flood insurance, [10] even renters. However, unless one lives in a designated floodplain and is required under the terms of a mortgage to purchase flood ...
A flash flood warning has been issued for parts of Norfolk, Portsmouth and Chesapeake. According to the National Weather Service in Wakefield, the warning will stay in effect until 8:15 p.m. Just ...