We are working on a loan that falls in a SFHA where there are two structures (sheds) not owned by the property owner that sit on the property. Does our borrower have to (and will he be able to) obtain coverage on those structures even though he doesn't own them?

If your borrower doesn't own the structures how are you taking a lien on them?

I don't think we can nor do we want to but I just want to be sure the flood issue doesn't muddy it up. We've had so few loans in flood areas until the recent map changes so we're not experts on the matter. Our thought was to specifically exclude them from the mortgage docs which would take care of the problem but I want to be sure examiners don't find the practice of excluding buildings to be an issue.