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Law Offices of Marc H. Supcoff Blog

A user-friendly searchable law firm blog about law and news developments affecting the construction & real estate industries.

Looking for a Fixer-Upper in Park Slope (NYT Repost)

Architect who owns design build firm that specializes in brownstone renovations, and his wife, find a diamond in the rough rowhouse in Brooklyn for $1.6 million and after approximately 9 months of renovations and with a budget for everything of about $2 million, they have created a great house! 

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A Home Buyer’s Nightmare: Moving to a Flood Zone Without Knowing It . (WSJ Repost)

Homes located in low to moderate risk flood zones are not necessarily required to purchase flood insurance.  But flood insurance may still be available.  A flood zone map search, which can be ordered from the title company as part of Buyer's title searches upon entering into a contract of sale, should provide information on type of flood zone and associated risk.  However, this article points out that it is difficult to obtain public information on whether a particular home has flood in the past.  Good old fashioned research on historical flooding in a neighborhood, as well as having a home inspector search for signs of water damage and/or mold in the basement or first floor of a house, can provide clues.

Marc SupcoffComment