Real Hazards Incorporated No Longer Providing Hazard Disclosure Reports.
Because of the downturn in the Real Estate Market over the last three years, Real Hazards is discontinuing Natural Hazard Disclosure Reports, Flood Determinations and Environmental Reports.
We are shutting down our research and Hazard Disclosure Reporting end of our business and focusing on the informational and support area of our business.
Those of you who have come to rely on the following documents on our web-site will still be be able to access them at our Real Estate Disclosure Page.
- California Real Estate Transfer Disclosure
- California Earthquake Guides
- Residential Earthquake Hazards Report
- California's Environmental Hazards Pamphlet
- Lead-Based Paint Hazard Pamphlet
- Title X form for Seller and Lessor
If you are selling a home in California, you
or your real estate agent must
disclose to the prospective buyer a:
Natural Hazard Disclosure Statement (NHDS)
If the real property lies within one or more of six statutorily specified areas:
- A Special Flood Hazard Area
- An Area of Potential Flooding
- A Very High Fire Hazard Severity Zone
- A Wild land Fire Area
- An Earthquake Fault Zone
- A Seismic Hazard Zone
- Airport Influence Area
- Right to Farm Disclosure
- Megan's Law
- Mello-Roos Community Facilities Districts
- 1915 Bond Act Assessment Districts
Notice of Supplemental Property Tax Bill
- Private transfer fees
- County and City transfer taxes
- San Francisco Bay Conservation and Development (BCDC) Notification
Reminder: It is in your best interest to disclose early.There is a three-day rescission period during which buyers have the right to terminate an offer if the Natural Hazard Disclosure Report is delivered after presentation of the offer.
Standard Flood Hazard Determination (SFHD)
A Flood Zone Determination satisfys the National Flood Insurance Act of 1968 and the two subsequent laws, the Flood Disaster Protection Act of 1973 and the National Flood Insurance Reform Act of 1994.
When looking for a Flood Zone Determination provider, you want them to answer yes to the relevant questions in the Flood Insurance Compliance Monitoring Checklist provided by the Federal Deposit Insurance Corporation (FDIC):
- The flood zone determination is made using the most current Federal Emergency Management Agency (FEMA) Flood Insurance Rate Maps (FIRM), Flood Hazard Boundary Maps (FHBM) and FEMA revisions to it and is guaranteed to be correct and covered by E&O insurance.
- There should be provisions to resolve disputes and compensation for inaccuracies stated in their service agreement.
- Flood zone determinations should be accurately prepared on the Standard Flood Hazard Determination Form (SFHDF expires Dec 31 2011 ).
- A notice
to the borrower should also be provided along with the SFHD for buildings or mobile
homes in Special Flood Hazard Areas (SFHA):
- Warning that the subject property is located in a SFHA.
- With a description of flood insurance requirements.
- Stating when applicable that flood insurance is available under the National Flood Insurance Program (NFIP) and is also available from private insurers.
a statement indicating whether federal disaster relief assistance
may be available in the event of damage to a building or mobile home
caused by flooding in a federally declared disaster.
What is a Special Flood Hazard Area (SFHA)?
- These are the areas with the highest risk for flooding,
shown on the Flood Insurance Rate Maps as Zones A or V.
- Over a 30-year mortgage, homes in these flood zones have a 26
percent chance of being flooded.
- For a copy, call 1-800-480-2520 and request document F-083, or access the book on the
FEMA web site at http://www.fema.gov/business/nfip/mpurfi.shtm.
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PMB #1130 22833 Bothell-Everett Hwy Suite #110 Bothell, WA 98021
Toll Free: 866-802-2864