Why? These people made a decision to purchase these properties and the banks under-wrote their mortgages and inspections and surveys. This is not a bailout situation just because they’re in a flood prone area.
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What a freaking tax payer rip off!!
Why? These people made a decision to purchase these properties and the banks under-wrote their mortgages and inspections and surveys. This is not a bailout situation just because they’re in a flood prone area.