gutted, 1,600-square-foot house in the Uptown section of New Orleans without putting up a for-sale sign.A friend of the family visited the house, on a street that had eight feet of water, "and wanted to know if we wanted to sell it," Ms. Shreves
said."It just seemed like such an easy thing, we said fine."To Ms. Shreves, an accountant, the thought of rebuilding was depressing, and mold was a concern.
had not decided to sell when she
husband got the offer, which was close to $100 a square foot.
Before the storm, she
probably could have sold the house for $330,000."When the storm came and obliterated it," she
said, "we were happy to get $150,000."
"We got a check right there and closed the sale," she