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Home > "Florida’s Flood Disclosure Rules Leave Homebuyers in the Dark"

"Florida’s Flood Disclosure Rules Leave Homebuyers in the Dark" [1]

"There are few places to purchase a home in the U.S. that have a greater risk of flooding than on the coast of Florida. But sellers needn’t lose sleep over that. That’s because the Sunshine State doesn’t mandate disclosure of whether a property has previously flooded.

Some 21 states have no rules requiring owners to reveal a property’s flood history, according to a newly updated rating by the Natural Resources Defense Council, a New York-based non-profit advocacy group. That’s down only one from 2018, when NRDC did its first disclosure report.

“Too often policy changes only occur after a major disasters and that is not going to be good enough going forward,” said Joel Scata, a water and climate attorney with NRDC. “We need pre-emptive action on flood risk because climate change is increasing risk and the nation can’t afford to keep people in the dark.”

For would-be home buyers, no disclosure means there is often no way to gauge the true risk they are taking on."

Leslie Kaufman reports for Bloomberg Green March 1, 2021. [2]

SEE ALSO:

"To Fight Flooding, This City Plans to Renovate—and Retreat" (Bloomberg Green) [3]

"Most Americans Don’t Have Enough Flood Insurance for Climate Change" (Bloomberg Green) [4]

Climate Change [5]
Disasters [6]
Economy & Business [7]
Journalism & Media [8]
Water & Oceans [9]
National (U.S.) [10]
Public [11]
Source: Bloomberg Green [2], 03/10/2021
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Source URL:https://www.sej.org/headlines/florida-s-flood-disclosure-rules-leave-homebuyers-dark

Links
[1] https://www.sej.org/headlines/florida-s-flood-disclosure-rules-leave-homebuyers-dark [2] https://www.bloomberg.com/news/articles/2021-03-01/florida-s-flood-disclosure-rules-leave-homebuyers-in-the-dark?srnd=green [3] https://www.bloomberg.com/news/articles/2021-03-09/to-fight-flooding-this-city-plans-to-renovate-and-retreat?srnd=green [4] https://www.bloomberg.com/graphics/2021-flood-risk-financial-cost/?srnd=green [5] https://www.sej.org/category/topics-beat/climate-change [6] https://www.sej.org/category/topics-beat/disaster [7] https://www.sej.org/category/topics-beat/business [8] https://www.sej.org/category/topics-beat/journalism/media [9] https://www.sej.org/category/topics-beat/water [10] https://www.sej.org/category/region/national [11] https://www.sej.org/taxonomy/term/81