Millions Spent on Upkeep of Empty Katrina Lots

  Thursday, July 19th, 2012 Source: Insurance Journal

More than 3,000 lots flooded by Hurricane Katrina and bought with federal money in an emergency bailout sit idle across this city — a multimillion-dollar drain on federal, state and city coffers that lends itself to no easy solution. An Associated Press examination of the properties sold to the government by homeowners abandoning New Orleans after the catastrophic 2005 flood has found that about $86 million has been spent on 5,100 abandoned parcels. And there’s no end in sight to maintenance costs for perhaps most of the 3,100 properties that remain unsold.

  Read Full Article
Mid-America Catastrophe ServicesNationwide OversprayU.S. Forensic

  Recent Provider Listings

Serving Michigan Statewide
Michigan Attorneys & Law Firms Subrogation Workers Compensation Consultants
Serving the US
National Emergency Disaster Response Services
Serving Texas Statewide
Texas Appraisers Auto