For the second time, our scheduled Road Home closing has been cancelled.
This time — based on what we’ve been told by the First American Title Company (no word whatsoever from the Road Home or ICF or whatever other shell company is in charge) — because, as a part of receiving the SBA loan that we used to relocate outside flood-prone New Orleans, we were asked to (and gladly) signed a document confirming that our property in New Orleans (which flooded with 8 feet of water and had to be demolished) is in a flood-prone area and, therefore, ineligible for future federal disaster assistance should anyone ever be stupid enough to build a home there again.
The reasoning now seems to be this: Although we are eligible by all other criteria for Road Home funds, because of this document — "Notification of Disqualification for Future Federal Disaster Assistance" — the Road Home program is uncertain that they will be able to resell our flood-prone property to some poor unsuspecting sucker who might have otherwise, in the absence of this document, not realized that the property is in a flood-prone area.
Assumedly, if the Road Home program buys properties in flood-prone New Orleans that are actually in flood-prone areas but have not been designated as such by an SBA document such as the one we signed, then all is okay and these properties can be sold to as many poor unsuspecting suckers as the Road Home can find.
And, no, I could not make this up.