Thread Options
#2258745 - 08/25/21 09:49 PM Negative Pledge
MLundy Offline
New Poster
Joined: Sep 2020
Posts: 15
If we have a negative pledge on a property in a flood zone taken as an abundance of caution, does it require flood insurance?

Return to Top
Flood Compliance
#2258758 - 08/26/21 12:34 PM Re: Negative Pledge MLundy
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 77,209
Galveston, TX
Talk to you legal counsel. Negative pledges can be written in a variety of ways and it depends on whether or not you have a valid security interest in the property.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top