California Natural Hazard Disclosure (NHD) Report
If you own a house in the California and you don't know what the Natural Hazard Disclosure (NHD) report is, then you must keep signing your names on the escrow documents without reading the contents of the escrow documents when you were purchasing your house.
The Natural Hazard Disclosure report is required by law for all real estate transactions in California. Property buyer must sign the Receipt of Acknowledgement page before becoming the owner. The NHD report should cover following basic hazard zones:
|Special Flood Hazard Area|
|Potential Flooding/Dam Inundation Areas|
|Very High Fire Hazard Severity Zone|
|Wildland Area That May Contain Forest Fire Risk|
|Alquist–Priolo Earthquake Fault Zone|
|Seismic Hazard Landslide Zone|
|Seismic Hazard Liquefaction Zone|
A house built in or near these hazard zones will threat people's safety and impact the property value. Today's NHD report also includes
|Military Ordnance Location|
|Airport Influence Area|
|Airport Noise Exceeding 65dB|
|Tsunami Inundation area|
|Ultramafic Rock area|
|Slide Prone and Landslide areas|
|Coastal Bluffs area|
|High Wind area|
|Unstable Soils area|
Currently, the Natural Hazard Disclosure report has disclosed more information about the quality of land, air, sound and water, which impact the people's health.
Impact Example: If you are purchasing a house in a Special Flood Hazard Zone and the real estate agent says that it's a 100-year flood zone and the flooding chance is very slim. But the agent might not mention about that you might need to pay more to buy your home protection plan from the insurance company.