A recent National Public Radio (NPR) story discussed the flooding damage caused to homes by Hurricane Harvey and how many frustrated homeowners are eager to sell for various reasons including lack of flood insurance and overwhelming mortgages. They point out, too, that and real estate agents and investors from around the country are purchasing these homes and making the necessary repairs & improvements that are helping to rebuild these communities. The story features members of Houston’s RICH Club, the local chapter of National REIA. It’s a good little piece and a reminder that real estate investors are often in the best position to help those in need rebuild their lives & neighborhoods after such a devastating and life-changing event.
“In the Houston area, an estimated 4 out of 5 homes were not covered by flood insurance before Harvey. And many who did buy insurance are still waiting for their insurance checks while still paying for utilities, taxes and a mortgage all for a house that you can’t live in. For Jimmie Sue Mayes, selling her home was a matter of safety.”
Click here to read the full transcript on NPR.org.
