Posted By: BankerChic24
Property now in Flood Zone - 03/30/12 03:30 PM
We have been notified that a property we have a mortgage on that originally was not in a flood zone is now in a flood zone due to re-mapping. Do we have to notify the customer with a letter and the flood zone disclosure notice on EACH loan tied to this property? On one of the loans, this property was only taken as an abundance of caution.