Houston Flood Damaged Homes - What will happen to them?

[Account Closed]

Hi Everyone,

Due to the extent of the flooding disaster in Houston, there are going to be a lot of flooded homes. What is going to happen to them? There are going to be many distressed sellers. Many homeowners will want to just walk away from their properties. Will this be a good "subject to" market? 

Does anyone have any experience with flooded homes and communities? Is there a possibility to raise these homes 5-8 feet to reduce the future flood risk? 

Thanks,

Billy