home buyout News

Flooded N.J. Homeowners in Limbo Awaiting Buyout Offers

An appraiser sent by the state recently assessed the value of Bob and Pat Smith’s house, nearly a year after floodwaters from Superstorm Sandy reached midway up the living room walls. Like the 75 other homeowners living near the South …

New Jersey Flood Victims Face Difficult Buyout Decision

Bob and Pat Smith have seen many floods in their 47 years on Water Street, but none as severe as in Superstorm Sandy. Last year’s storm waters rose halfway up their front door and left a debris field of mud …

New Jersey Moves Ahead With Buyouts in Flood-Prone Areas

State officials in New Jersey are moving forward with plans to buy flood-prone properties in the wake of Superstorm Sandy. Officials met with 129 Sayreville home and property owners who are approved for buyouts. Environmental Protection Department spokesman Larry Ragonese …

Christie Unveils Buyout Offer to New Jersey Flood Victims

Some 350 homeowners in the central New Jersey towns of Sayreville and South River whose properties have flooded repeatedly will be eligible to sell their homes in the first phase of a new federally funded buyback program, New Jersey Gov. …

New Jersey Official: State to Buy Flood-Prone Homes in ’13

New Jersey officials plan to unveil a plan in the next two to three weeks for buying out roughly 1,000 flood-prone homes from owners who want to sell them, a state Department of Environmental Protection spokesman said Tuesday. Since Superstorm …

N.J. Gov. Christie Seeks $250M to Buy Out Homes in Flood-Prone Areas

New Jersey Gov. Chris Christie said on Tuesday, March 19, that he is asking the federal government to let the state use $250 million in Sandy aid to help New Jersey buy out homeowners in flood-prone areas, but he does …

New York Has More Than 400 FEMA Home Buyout Applications

Gertrude Baker and her husband bought their cozy home in Owego in 1956. They raised three kids, befriended neighbors and weathered the occasional flood. But after Tropical Storm Lee bought five feet of water to her first floor last year, …

North Dakota Town Approves Flood-Related Home Buyout Program

The city council in Minot, N.D., has approved a plan that could result in the acquisition of more than 270 properties for future flood protection measures. The voluntary program calls for negotiations to begin with willing landowners, with a goal …

North Carolina County to Buy Flood-Damaged Homes

Mecklenburg County in North Carolina plans to buy more than a dozen homes damaged by flooding last month. County commissioners saidthey plan to spend up to $2 million as part of an effort to remove homes located in flood-prone areas. …