[StBernard] Demolition

[Westley Annis]

Great way to put it Westley.  
dc

	-----------------------------------------------------
	Jer.,
	
	
	The Baker Plan does not factor any insurance proceeds into the
equation. So
	in your scenario the homeowner would receive the full $75,000.
	
	As for determining values, my guess is that without a recent (within
5
	years, which is the IRS standard I believe) appraisal, they will
probably go
	off of tax assessments.
	
	Before anyone starts complaining about tax assessments being too
low,
	remember, you can't have it both ways. Everyone wanted their
assessments
	low-balled so they would pay lower tax bills. Now you have the other
side of
	the coin.
	
	Westley
	
	-----Original Message-----
	
	**QUESTION : Let's suppose we have a homeowner who has a mortgage
paid out.
	What will the payout to that homeowner if for example:
	
	His/her home is valued at: $125,000 and the home is paid out,
prekatrina
	value? No mortgage to pay and 1/2 of that paid out in Flood and
Homeowners
	($50,000). Do they take 60% of the home/property's value ($75,000)
minus
	what the flood and homeowners paid out ($50,000) for a lum sum
payment
	difference of $25,000 to homeow ner? Taxfree?
	
	
	QUESTION : How do they determine homes "razed to land" without
inspection
	about its value? Does Estopinal, etc. be able to figure out
neighborhood
	values as to its worth or a deed showing sq. footage at so much a
foot?
	
	Jer.