Comment by huthuthike

Personally I'd remove it from the National Flood Insurance Program. If the buyer can get a private company to insure it then the sale can go through. If the buyer cannot get a private company to insure it then the sale can only go through if they are not using a mortgage (mortgaged properties legally have to carry flood insurance). Couple this with plenty of disclosures so the buyer is aware they are taking on significant risk.