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chemgear · 08-16-2013, 07:32 PM

http://www.cbc.ca/news/canada/calgar...-warnings.html

The Alberta government is backing away from a plan to put warnings on land titles for properties in flood-risk zones. The government will instead work with the real estate industry to ensure prospective homeowners get the information they need before buying property at risk of flooding.

Homeowners who live on floodways and who will receive disaster aid this time must still have that notation made on their land titles, along with a warning that future funding won't be made available.

For property owners on the fringe of the flood zone and who are receiving aid, the warning will only be removed from their land titles after they meet new mitigation requirements designed to minimize basement damage in future floods.

08-16-2013, 07:32 PM	#4209
chemgear Franchise Player Join Date: Feb 2010 Exp:	http://www.cbc.ca/news/canada/calgar...-warnings.html The Alberta government is backing away from a plan to put warnings on land titles for properties in flood-risk zones. The government will instead work with the real estate industry to ensure prospective homeowners get the information they need before buying property at risk of flooding. Homeowners who live on floodways and who will receive disaster aid this time must still have that notation made on their land titles, along with a warning that future funding won't be made available. For property owners on the fringe of the flood zone and who are receiving aid, the warning will only be removed from their land titles after they meet new mitigation requirements designed to minimize basement damage in future floods.