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#2166593 - 03/02/18 10:43 PM Flood Insurance on a REO Property
BA13 Offline
100 Club
Joined: Jul 2016
Posts: 198
If we have a REO property located in a SFHA, are we required to maintain flood insurance on that property?

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Flood Compliance
#2166594 - 03/02/18 11:06 PM Re: Flood Insurance on a REO Property BA13
GuitarDude Offline
Power Poster
GuitarDude
Joined: Nov 2004
Posts: 5,925
So Cal
If you no longer have a loan secured by the property, the flood requirements do not apply. It would be a financial risk decision at that point.
_________________________
I've just writed a wrong.

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#2166596 - 03/02/18 11:27 PM Re: Flood Insurance on a REO Property BA13
BA13 Offline
100 Club
Joined: Jul 2016
Posts: 198
That was own initial thought. Thank you!

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