[StBernard] Strict Interpretation of the 50% Rule of LRA

Westley Annis westley at da-parish.com
Tue Jul 18 22:22:26 EDT 2006


Oooh, and after watching an LRA special on WWL tonight, we'd have to ask the
answers to a couple questions.

Is a homeowner in a better position if his/her home is 49% Damaged or 51%
damaged? They were discussing how if you're under 50%, then the Road Home
applicant would be given "fix-up" money on the older property to SELL once
fixed up, that buying out is not an option? Is this an interpretation of
what they can do for those = most especially if an applicant wishes to
rebuild elsewhere in the state? If this is true, then the applicant must
have his/her home elevated before doing so? How do others interpret this
thing about DAMAGE PERCENTAGE going into the months ahead? Thanks, MJ.





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