Flooded Homeowners' Struggle Continues - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Flooded Homeowners' Struggle Continues

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The fallout from the 2011 flood has turned into a black hole for some in the Mouse River Valley.

We've been following the members of one family as they rebuilt their home only to find themselves in the middle of the Maple Diversion.

As Shaun Sipma reports, the diversion itself has turned into a second disaster that will far outlast the flood for Pecharichs as they try to move on with their lives.

The last time we caught up with Adam and Terri Pecharich the sale on their home had fallen through following a zero value from an appraiser because it sits in the middle of the Maple Diversion.

The larger home they were hoping to buy has since been sold to someone else.

And the roadblocks for this family of four in their two bedroom home only get worse.

(Terri Pecharich, Lives In the Maple Diversion) "Latest we've heard from HUD and FHA that even when the 120 days expires of the zero dollar appraisal they still won't long against our house."

The US Department of Housing & Urban Development which handles FHA backed loans issued this statement about the Zero Appraisal.

"The definition of market value contemplates that HUD's insurance of the loan secured by the property will be in place for 30 years. "

In short because the house with either be moved or torn down for flood control HUD won't challenge the zero appraisal.

(Terri Pecharich, Lives In the Maple Diversion) "just had another interested buyer, but FHA loan...

That leaves a potential buyer, looking for a short term housing solution in the Diversion, with very limited options.

(DelRae Zimmerman, Brokers 12 Realtor) "Traditional Loan 3-5% down"

If the Pecharich's can't sell and have to wait out the city acquisitions that required them to sink even more money into their home.

(Terri Pecharich, Lives In the Maple Diversion) "have to build a bedroom in their basement"

DelRae Zimmerman, Brokers 12 Realtor) "never recoup that money

With a second mortgage out from the initial rebuild, the family exhausted all options on help from recovery groups.

With their home in the diversion and the family outside financial guidelines no help is available anywhere.

(Terri Pecharich, Lives In the Maple Diversion) "We're lost"

The timetable for the city acquisition "or buyout" itself is uncertain.

City officials haven't committed dollars to acquisitions in the diversion yet as they wait on a federal guideline ruling from HUD.

If flood control timetable adopted by the city is the guideline, it would be 2017 before construction would start on the Maple Diversion and four more years of waiting on top of the two that have already lapsed.

At this pace the damage from the Mouse will be gone before the mess in the Maple is cleared up.

In Minot Shaun Sipma KX News.

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