House purchased - wasn't aware house was in flood plain

[Evan Crawford]

My friend just purchased a foreclosure. He's fixed it up and is now placing it back on the market to sell. He thought he was about to get an offer but when potential buyer called insurance agent, they told her it was in flood plain. When he purchased home, it was never mentioned that it was in flood plain and now he's worried he can't sell it. Shouldn't this have been disclosed or discovered prior to his purchase? Any advice? He's worried buyers may be scared away.

[Wayne Brooks]

Should your friend have discovered it...yes.

Did it need to be disclosed....no.

Particularly bank owned properties...."we never lived in it, we don't know nothin' about it, never seen it, etc."