FEMA has come out with new Flood maps affecting many Georgians.

FEMA has recently added new flood areas to their maps. This is affecting many people who have a creek or stream on their property. Some mortgage companies are asking for flood insurance on structures that are 50 plus feet from the bed of a creek. If you have been affected by this you can ask for a Letter of Map Change or LOMA through FEMA. This will save you as much as $2000 per year in flood insurance.

To learn more please visit FEMA's website:

http://msc.fema.gov/webapp/wcs/stores/servlet/info?storeId=10001&catalogId=10001&langId=-1&content=userHelp_homeowner&title=Homeowners/Renters

There they offer the application and directions on how to apply for a LOMA. In short you will need to get your property surveyed showing the typography of the land. The surveyor will indicate the elevations of your structure to the creek bed allowing FEMA to make a determination of the of need of flood insurance.

As a Realtor, I recommend completing this application. This expense of flood insurance will give you a disadvantage when trying to sell your home.

If you need additional information please give us a call we will be happy to help!