Environmental
A property located in a FEMA-designated Special Flood Hazard Area (SFHA) in Nebraska requires:
ANo additional disclosures — flood risk is assumed by all buyers
BFlood insurance for federally backed mortgages and must be disclosed to buyers✓ Correct
CImmediate demolition and site remediation
DA special flood zone waiver signed by the buyer
Explanation
Properties in FEMA Special Flood Hazard Areas with federally backed mortgages must carry flood insurance. Sellers and agents must disclose flood zone designation, as it significantly affects insurance costs and property use.
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