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Financial Remediation Is As Critical as Mold Remediation

Wednesday, October 3, 2018   /   by Anne Rose

Financial Remediation Is As Critical as Mold Remediation

According to the Insurance Journal, only 35% of North Carolina homes in the area flooded by Hurricanes Florence and Michael were covered by national flood insurance. Millions of homes were damaged by flood waters in North and South Carolina; because homeowners policies do not assist with remediation or recovery of property lost in floods, hundreds, if not thousands, of families have lost everything. 

“In the coming days, people whose houses have been damaged or destroyed by Hurricane Florence and Hurricane Michael - many of whom are under-insured or uninsured - will face the wrenching decision of paying for temporary housing or paying their mortgage,” says Broker/Realtor Kirk Pugh, President of KBT Realty Group. “Every day, I get questions from devastated homeowners looking for reliable, responsible information that will help them make the best decisions about preserving whatever equity they have left in their homes. Hundreds of people in our community are looking at months of storm remediation, but they also need to start the process of financial remediation.”

What a Real Estate Firm Can Do to Help

Confronted with a constant stream of questions from clients, neighbors, and friends, Pugh was driven to present a advice, resources, and comfort to the broader Wilmington NC community.

Pugh rallied his business network to organize a Hurricane Financial Remediation Seminar to address disaster relief beyond that offered by Federal Emergency Management Agency (FEMA), the Small Business Administration (SBA), and other governmental organizations. The timing and amount of these sources of assistance is uncertain, and many homeowners are facing sustained financial hardship.

“Our intent is to provide free, compassionate advice that will help homeowners toward the best possible financial recovery from Hurricanes Florence and Michael,” says Pugh. “Disaster victims deserve real answers to real questions. Pulling together these expert resources is a concrete way that KBT Realty Group can contribute to rebuilding the lives of people from the hardest hit areas surrounding Wilmington, the city, and our beach communities.”

The KBT Realty Group in Association with Keller Williams Realty will host an informational seminar to provide information and financial options to homeowners on the decisions they are confronting in the aftermath of these two hurricanes. 

A panel of experts in a variety of disciplines will attend as a resource for the community. The objective is to provide a free forum for residents to get clear, trustworthy, qualified information.

Industry experts will include:

  • Steve Wilde, Wilde Law Firm- industry-leading short sale attorney
  • Chris Huff, Managing Partner, Hutchens Law Firm - focused on Real Property Law
  • Richard Cook, Attorney, Cape Fear Debt Relief
  • Scott D’Anci, Owner, ASD Environmental- industry leader in mold and moisture remediation
  • John Pollard, Wilmington Inspection Group-industry leading licensed Home Inspector
  • Erik Hemingway, Licensed General Contractor, Elm Builders
  • Alexandra Cavik, Owner, Cavik Insurance
  • Patrick Stoy, Owner, MC Mortgage - traditional and private lending, specialist in disaster relief lending
  • David Lewis - Certified Public Accountant
  • KBT Realty Team - Keller Williams - industry leader in transactional real estate brokerage

Each seminar session will include a brief presentation by of the industry experts, and will then allow attendees to ask specific questions and receive information most pertinent to their unique situations. Each session will last approximately two hours.

Hurricane Recovery for Homeowners Seminar

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The seminar is rescheduled for 9am and 1pm, on Wednesday, October 17, 2018, and is free and open to the public. The programs will be held in the Myrtle Grove Evangelical Presbyterian Church auditorium, 800 Piner Road, Wilmington, North Carolina.

Find information about the seminars at the event page on Facebook.

  wilmington nc, #kbtflorencehelp, hurricane florence

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