Rumors about buyouts…

Government is going to buyout your home and sell to investors and turn into high end homes. The condition of the buyout for it to de approved by government is that the land is returned to nature.

Government hires the appraiser that will give you a low appraisal. Not true! You can get your own appraisal and submit that for consideration.

You can take flood insurance proceeds, that you did not use to fix your house, and add them to your buyout amount. That is considered double dipping. You must use insurance proceeds for their intended purpose (fixing the house) for the government not to count that in the buyout amount.

The government would invoke immanent domain, meaning the government would not give them a choice and they would have to sell. The buyout is completely voluntary and its up to the citizens whether they want to participate.