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#1710225 - 06/14/12 01:21 PM Property Taken as an Abundance of Caution
mdog76 Offline
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Joined: Jan 2007
Posts: 645
If property taken as an abundance of caution is in a flood zone, is flood insurance required?

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Flood Compliance
#1710227 - 06/14/12 01:22 PM Re: Property Taken as an Abundance of Caution mdog76
Skittles Offline
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Skittles
Joined: Sep 2002
Posts: 13,964
TN
Yes

The flood rules remain the same for abundance of caution as with any other loan. The only regulation that AofC gets you out of is the appraisal requirement. All other regulations apply.
Last edited by Duchess Skittles; 06/14/12 01:23 PM. Reason: Edited to add
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