Properties in Florida

[Tony Aliatim]

Hello Everyone :).

As we are all aware, Florida was recently devastated by Hurricane Ian. The pictures that came out were heartbreaking as it looks like most in Ian's path is toast.

I read yesterday that many people own hurricane insurance, however very few people own flood insurance (don't even get me started on the insurance companies and this stupid loophole they are using to screw people).

Anyway, I am assuming some people will lose everything and will have to place their properties/land up for sale. I was curious, what happens to these properties, do they go back to the bank or is there an opportunity for people to purchase them? If so, any tips on where to find these deals? 

Thank you!

Tony