Homes affected by Nashville floods to be appraised - WRCBtv.com | Chattanooga News, Weather & Sports

Homes affected by Nashville floods to be appraised

NASHVILLE (AP) - Homes damaged in May flooding in Nashville are being appraised for possible buyout.

The Tennessean reports Metro Water Services sent letters to 305 property owners, asking if they wanted to be part of a buyout. The owners of 241 properties said they wanted buyout appraisals, 19 did not and 45 didn't respond.

Sonia Harvat, a spokeswoman for the department, said the appraisals will be done by independent private companies. An appraiser will examine the property, talk with the owner and compare the value of the home before the flood with comparable properties.

Harvat said the offers aren't negotiable, but Metro can't offer less for any property than the appraiser's value.

Historic flooding in early May caused more than $2 billion in damage in Nashville alone.

Information from: The Tennessean, http://www.tennessean.com

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