Environmental
In Delaware, what is the primary concern with properties located in a FEMA-designated 100-year flood zone?
AThey may not be sold without prior remediation
BFederally backed mortgage borrowers must purchase flood insurance✓ Correct
CThe property automatically loses 30% of its appraised value
DThe property must be elevated above sea level before sale
Explanation
Properties in FEMA-designated Special Flood Hazard Areas (100-year flood zones) require the purchase of flood insurance as a condition of obtaining federally backed (FHA, VA, or Fannie/Freddie) mortgage financing.
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