2) After bringing this article up to my realtor, she adds that their is rumor that FEMA might turn the area into a flood zone.

I heard rumor that the other convention may be held in Columbus (or that it was on the short list of cities.)  

Notes is complicated but a good investment but as for as buying books make sure the author is a seasoned note buyer or seller not some Guru looking forward to profiting on something that they don't know what they are talking about and spreading rumors on notes that is not true.My 2cents,Joe Gore

Let me guess... this rumor was fueled by this blog post: http://seorets.com/is-zillow-bypassing-the-listing-syndication-debateZillow is NOT applying for a brokerage license in Florida (or any other state).

I heard a vicious rumor that this act passed the Senate today.

I heard a rumor in early december that something like this was going to come out.

Long story short, there are a lot of rumors going around about what (and what not to) expect.

Best thing is to talk to the bank, tell them the rumor you are hearing and ask what the probability is of refinancing the obligation, they may give you a wink and nod answer.

Funny thing is we heard rumor that he plans on finishing all the updates then putting it on the market for $1.25m.

No certainty shes dead...just neighbor rumor that she moved away and they heard she died.