Sandy Flooding Puts $87B Of Residential RE At Risk: Report

Law360, New York (October 30, 2012, 5:44 PM EDT) -- Record storm surges in the Northeast U.S. due to Hurricane Sandy have put roughly $87 billion of residential real estate in coastal areas, particularly in New York and New Jersey, at risk for water damage from the storm, according to a report by property data firm CoreLogic Inc. released Monday.

The hurricane made landfall in New Jersey Monday night and wreaked havoc on communities throughout the northeast. A record storm surge — exacerbated by a full moon that caused particularly high tides Monday night — decimated...
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