[StBernard] land use

[Westley Annis]

I would like to reply to the person complaining about the people who did not
have insurance. I had insurance on my home but was not required to have
flood so I did not have flood. I owe $143,000 on my home and was paid a
total of $11,000 by inusurance company for wind damage only. I don't even
have enough to begin to fix my home which have 10 feet of water in it. I can
get a SBA loan and then have 2 notes on the same home that I had before
and end up owing over $200,000 for that same home. So before you complain
about owning $27,000 you should consider yourself lucky you had flood
insurance. Because you certainly wouldn't want to be in my shoes!
 
Rhonda D.  

----------------------------------------------------	
	Jer,
	
	While I couldn't agree more with much of what you usually say, I
have
	problems with the buyout as it stands. You see, I owed, $112,000 on
my home.
	I received $100,000 in insurance payments, and it appraised at
$127,000.
	While $27,000 would be a gr eat downpayment, my only problem is that
there is
	no way I could do the down payment and get the interest rate I had
on my
	home- 5.25%. AND, because of a divorce, I no longer have the
"income" to
	warrent the note, even though I had no problem making payments. So
how does
	this buyout make me whole? I would have to live in a "lesser"
neighborhood,
	whereever that may be, I would not have my job of the last 8 years
to
	warrent giving me the loan, and I would be paying 6.5% interest
unless I pay
	points, which aren't included in the "buyout." So, currently, I have
a
	mucky house, albet paid for, and instead of monthly house notes, I
could do
	monthly "projects" with the housenote until the house is finished.
There is
	no clear answer, but the buyout as it stands, won't be fair to those
of us
	who had insurance.
	
	Wendy Hall