more than 800 buyouts since Hurricane Harvey in 2017, and approved 1,600 more. Many smaller communities have followed a similar path, though on a smaller scale.
Some, such as Keith and Tyra Moore, are in the process of applying for a buyout. The couple rebuilt largely themselves after Florence forced three feet of water in the house. They replaced drywall and insulation, painted ceilings, installed new doors and windows. Jim and Gina Hudson feel much the same. His father built their two-story home in the 1990s, but they had to gut the first floor after Florence and were displaced for nearly 9 months.“We are just trusting the Lord that it won’t happen like that again,” Gina said, “and dealing with it if it does.”
The county eventually was awarded money to buyout up to 61 properties, with an initial cap of $250,000 each. The buyout program opened for applications in July 2021. As of Friday, the county has acquired 29 homes, with another eight under contract. More applications are in the pipeline, Tranter said.
They refused to sell to an unsuspecting buyer — “You can’t do that to people,” Jim says — but disclosing the risks meant the house was virtually unsellable. When the buyout offer came, they applied and encouraged their daughter and son-in-law down the street to do the same. The two-story Cape Cod sat only several miles but a world away from her old neighborhood. It lay down a winding road, tucked amid towering pine trees. It had a big backyard, a front porch and a magnolia tree in front where she imagined her 5-year-old granddaughter playing.After vacuuming the baseboards, wiping down the windows and positioning her sofa in a spot by the brick fireplace, Straka headed outside for a break.
Source: Real Estate Daily Report (realestatedailyreport.net)
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