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#2255890 - 06/24/21 02:10 PM Sale of Collateral In a Flood Zone
ischaefer Offline
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Joined: May 2018
Posts: 16
This seems like a pretty easy one I just want to make sure I don't miss a short putt:

We made a loan secured by several properties, one of which was in a flood zone. The flood property has since been sold with proceeds applied and our lien released. Is there anything else I need to do from a flood perspective other than have documentation for those facts ready to go?

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Flood Compliance
#2255897 - 06/24/21 03:00 PM Re: Sale of Collateral In a Flood Zone ischaefer
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,358
Galveston, TX
Nothing I can think of.
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