FEMA Map for RI

Today, FEMA declared three counties of RI as disaster areas.  What that means for anyone who is in the process of a mortgage, whether for purchase or refinance, and had your property appraised prior to Hurricane Sandy, your mortgage lender will probably be looking for a reinspection of the property, to ensure that the property is still in good condition.  This is not only to protect the lender, but the potential homeowner.  If you're purchasing a home, it's in your best interest for this to happen so that if the storm did result in damage to your future new home, the seller's insurance has to cover the repair.