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'I've had enough': Florida homeowners selling flooded homes 'as is' for investors

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'I've had enough': Florida homeowners selling flooded homes 'as is' for investors

www.youtube.com – ABC Action News – 2024-10-22 22:10:49

SUMMARY: Tampa Bay homeowners, particularly in flood-prone areas like Shore Acres, are increasingly selling their damaged properties as-is due to repeated flooding. Many are walking away after facing multiple disasters, with some homes listed significantly below purchase prices. For instance, one homeowner, who bought a property for $575,000, is now selling it for $425,000 after three floods in two years. Real estate listings emphasize cash-only deals for investors. Despite the losses, some homeowners are finding relief in moving on, while investors are actively purchasing these properties, seeking opportunities in the distressed market.

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Since Helene and Milton, dozens of homes have hit the market. Homeowners are selling ‘AS IS’ and ‘CASH ONLY’ for investors, ready and willing to walk away after being flooded in the storms.

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Jim talks with Rep. Robert Andrade about his investigation into the Hope Florida Foundation

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Jim talks with Rep. Robert Andrade about his investigation into the Hope Florida Foundation

www.youtube.com – CBS Miami – 2025-04-20 11:00:57

SUMMARY: Jim discusses Rep. Robert Andrade’s investigation into the Hope Florida Foundation with him, focusing on the misuse of $5 million intended for charity that was allegedly redirected to political action committees. Andrade aims to uncover why this occurred and the assurances provided by attorney Jeff Aaron and chief of staff James Um. The investigation raises concerns about accountability in the governor’s office, with Andrade questioning the legitimacy of Hope Florida’s claims of assisting families and highlighting a lack of metrics to measure their success. Amid resignations from Hope Florida leadership, Andrade plans further hearings, asserting the issue transcends partisan politics.

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The chairman of a foundation tied to Hope Florida — Florida First Lady Casey DeSantis’ signature welfare-assistance program — said under oath last Tuesday that “mistakes were made” with the foundation’s record-keeping, as a skirmish over the group’s finances continued to escalate.

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Countries shore up their digital defenses as global tensions raise the threat of cyberwarfare

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www.news4jax.com – David Klepper, Associated Press – 2025-04-20 07:24:00

SUMMARY: Hackers linked to Russia’s government targeted municipal water plants in rural Texas last spring, testing vulnerabilities in U.S. infrastructure. These attacks highlight growing global cyber threats amid escalating tensions, with experts warning of a digital arms race. As geopolitical conflicts rise, countries like China, Russia, Iran, and North Korea strengthen cyber cooperation. Despite these threats, former President Trump’s actions, such as reducing cybersecurity resources, have raised concerns. Meanwhile, experts stress the need for stronger cyber defenses and collaboration between governments and businesses to counter growing risks. The situation underscores the increasing role of cybersecurity in national security.

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15 years after Deepwater Horizon oil spill, lawsuits stall and restoration is incomplete

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www.clickorlando.com – Jack Brook, Associated Press – 2025-04-20 00:17:00

SUMMARY: Fifteen years after the Deepwater Horizon spill, its effects persist in the Gulf Coast. BP paid billions in damages, funding coastal restoration projects, but health-related lawsuits from cleanup workers and locals have struggled in court, with few compensations. Environmental efforts have made progress, with over 300 restoration projects worth $5.38 billion. However, a flagship land-creation project in Louisiana has stalled, sparking controversy over its effects on local industries. Additionally, the Trump administration plans to expand offshore drilling despite warnings about the legacy of the spill. Environmental advocates remain concerned about the future of the Gulf’s restoration.

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