Please clarify this scenario: We hold a first lien on a property in a flood zone. There is a 2nd lien with another institution. We are only need to be concerned about our loan and coverage, correct? If the tables were turned and we were the 2nd lien holder, we would want to cover both loans, correct? Thanking you in advance -
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It's better to be absolutely ridiculous than absolutely boring. . . Marilyn Monroe