NCRMLS2

CONFIRM CHALLENGE KNOW

Your True Flood Status

MyFloodStatus is the premier provider of structure-based Flood Zone Determination Reports nationwide. Our reports are certified, insured, built upon superior data and backed with expert support.  NCRMLS users will pay a discounted price of $25 per flood report vs the normal $30 report cost.


MyFloodStatus helps Real Estate Buyers, Sellers and Agents confirm, challenge and know a property’s true flood status - providing clarity, confidence and peace of mind.

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MyFloodStatus is the premier provider of structure-based Flood Zone Determination Reports nationwide. Our reports are certified, insured, built upon superior data, and backed with expert support.

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Pre-Recorded

MyFloodStatus:  Product Overview

Aug 2
10:30 - 11:00 pm

Accurate Flood Zone Determinations  - What You Need to Know

Why a Certified Flood Report
Should Be Ordered For Every Transaction

Flood Determinations are often ordered at an inconveniently late point in a real estate transaction or not at all. Confirm the true flood status of any structure early in the process to address potential flood issues at the most pivotal time in a contract

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Have Clear Information Early In The Buying Process
Buyers and sellers can benefit from the advantage of time. Obtaining detailed, accurate information on a property early can help all parties:


•   Evaluate cost of flood insurance and impact to buyers’ debt to income ratio
•   Negotiate additional contract terms based on outcome of flood report
•   Pursue options for mitigation (with complete guidance from our team)
•   Identify any risks for cash investors

Stay On Top Of FEMA Flood Map Change
Thousands of new maps continue to be issued, affecting properties nationwide both positively and negatively. Even Preliminary Maps (proposed future maps) can impact a current real estate purchase

•   Free online resources are frequently inaccurate and feature disclaimers
•   Elevation Certificates, LOMAs and Preliminary Maps not accounted for
•   Free online resources lack clarity, reliability and support

Accuracy, Protection and Support = Confidence
Move forward through the process with confidence, with high-quality information from the industry’s top flood determination provider. We deliver:

•   Superior accuracy of data and depth of information.
•   Clear visual maps, including FEMA Current and Prelimnary Map overlays
•   Clarity on structure location in relation to Special Flood Hazard Areas
•   Insured protection with $3M E&O per report
•   Support, guidance and additional services from our expert team

Flood Zone Guidelines:
  • NFIP guidelines state: if a structure is in a Special Flood Hazard Area flood insurance is required.
  • Flood insurance is NOT required if part of the property touches the Special Flood Hazard Area; however, it is advisable to recommend a Preferred Risk Policy when a structure is in close proximity to a Special Flood Hazard Area.
Problems
  • Liability due to inaccuracies in the FEMA site, free websites, town offices, and other resources agents use for information and are NOT official certified determinations.
  • High rate of inaccuracy from other resources servicing many banks and insurance companies.
  • Disclaimers on free websites and some flood determination reports from banks and insurance companies.
Solutions

  • WTG/MyFloodStatus provides pinpoint accurate, insured structure-based flood zone determinations backed by $3M of E&O insurance per report removing liability from you.
  • Reports are structure-based providing accurate visual verification.
  • Reports provide preliminary maps wherever FEMA is proposing a map change giving a heads up to how the designation might change.
Advocacy and Support:
  • Our Certified Floodplain Managers will help you understand the report and advise on next steps.
  • When banks or insurance companies provide incorrect information our Certified Floodplain Managers will contact them on behalf of you and your client to provide them with the correct information and advocate for the correct designation.
  • When a property is located in a Special Flood Hazard area, our Certified Floodplain Managers will provide guidance on obtaining an Elevation Certificate and a LOMA (Letter of Map Amendment).