Reader’s view: FEMA’s flood maps are hindering home salesDavid McGrath’s Jan. 19 column, “FEMA’s inaccurate maps costing homeowners,” was right on target.
By: Richard Wettersten, Duluth News Tribune
David McGrath’s Jan. 19 column, “FEMA’s inaccurate maps costing homeowners,” was right on target.
We placed our Mille Lacs Lake home of 19 years on the market last spring when the banker holding our home-equity loan called to say FEMA had placed us in a flood plain. He gave us one week to obtain flood insurance before the loan would be considered in default.
No insurance agents we contacted would cover flood, but we were able to obtain the services of a registered land surveyor. He found that our house was more than a foot above the 100-year flood level, and he did the necessary paperwork to have FEMA’s records corrected and satisfy our banker. His bill was $750.
Through all of this, it seemed to make no difference to anyone that we had investigated flooding potential when we purchased the property or that we had a contingency plan for protection to more than an additional foot if the need arose.
Lakeshore residents should be aware of their floodplain status and take necessary action before even thinking about selling their property.