https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Thu, 02 Jul 2026 02:01:17 +0000 https://boards.hellobee.com/topic/flooding-and-forclosure#post-2309898 Sat, 03 Oct 2015 20:34:11 +0000 photojane 2309898@https://boards.hellobee.com/ <p>@littlecasita1122: really sucks, but VA is a buyer beware state. Once you buy the house, the problems are yours. </p> <p>@Mrs. Lion: I'm from the VB area, and I know how bad the flooding can be. I'm so sorry for your friends! I would avoid foreclosure at all costs, but I know that's not always possible. Do they have a friend or relative they could stay with for a short time? </p> https://boards.hellobee.com/topic/flooding-and-forclosure#post-2309887 Sat, 03 Oct 2015 20:21:14 +0000 littlecasita1122 2309887@https://boards.hellobee.com/ <p>I think the main thing with bankruptcy would just be the thought of their credit being shot - I work at an apartment complex and foreclosures and short sales can pop up on someone's credit report for 7+ years - it would make them a "serious" credit risk so we wouldn't rent to them. I think it would just be very difficult for them to try and rent or buy something else in the future. They would most likely have to rent from a private landlord who doesn't do a credit check.</p> <p>I'm shocked that the flood issue wasn't disclosed before closing, though - I feel like that has to be against some kind of law? </p> https://boards.hellobee.com/topic/flooding-and-forclosure#post-2309810 Sat, 03 Oct 2015 18:57:06 +0000 Mrs. Lion 2309810@https://boards.hellobee.com/ <p>So this is a long story, but I will try to keep it short...</p> <p>My best friend purchased a house a couple years ago and later discovered it is in a flood plain and has flooded several times in the last 10 years. They are in VA Beach and this week the rain caused their river/creek to overflow and they have at least a foot of standing water throughout the house (and more rain to come from the hurricane). </p> <p>They are out of the home and in a hotel, but they discovered that their flood insurance does not cover the cost of living expenses while they repair the damage.</p> <p>They want to get out of the house, but they owe far more on the home than what they could sell it for. The previous owners did not disclose the flood potential and her realtor didn't know about it either. They have talked to several lawyers about this and they have all said there is nothing they can do. </p> <p>They are trying to decide whether they should rent or possibly live in an RV on the property while it is repaired, or whether they should walk away and let the bank foreclose, possibly causing them to have to file for bankruptcy. </p> <p>Does anyone have any suggestions? Other ideas? Input about which option would be the best option financially? I know that it is very likely that this house will flood again in the next few years. Also, any suggestions for what type of professionals they can contact for help would be much appreciated! </p>