Not everything is very black and white, however, and a lot may depend in some situations on how much useful, depreciable life is considered to be left in the asset replaced. 

@Shayla Fletcher I check all properties at http://maps.lsuagcenter.com/floodmaps/ If the flood hazard areas show in blue, (or sometimes grey on old black/white maps) that is the effective map that is used to determine flood insurance rates and whether or not flood insurance is required by lenders. 

This win-win crap nothing more than someone painting their black hat white in their minds giving the perception that they are just a wonderful person!   

In my experience, pricing in this area is generally 15-30% lower across the board than say new construction, insurance work or home owner improvements thus in order to actually run a company in the black I would have to complete 3 foreclosure/investor renovations in order to see a sustainable profit margin.

@James Treby, For me this is pretty black and white.

I can easily still attend the Black Diamond in Waltham every other month.

Why don't you copy the contract, black out the guilty names and address and post it to ask your questions?

We lucked out on the island countertop: found a 4’x 3’ slab of black pearl granite that cost us $200 for the slab and fabrication (we installed ourselves).

Welcome to Bridgeport (I'm in Black Rock) and please add me to your buyer's list.

I don't care if it is real estate agents, contractors, lenders, pizza makers, service workers, black people, white people, men, women, young, old, blondes, brunettes, fat, skinny, etc.