Flood Determinations on Adjacent Properties

Posted By: ahou

Flood Determinations on Adjacent Properties - 05/02/16 07:25 PM

If a loan is secured by buildings located on adjacent properties (not on same parcel), are separate determinations required?

The old Mandatory Purchase Guide use to say:

A separate SFHDF is required on loans on adjacent properties. However, if a single property contains multiple buildings, a listing of buildings on the parcel can be attached to the SFHDF.

I can't find any recent information on this.
Posted By: rlcarey

Re: Flood Determinations on Adjacent Properties - 05/02/16 10:49 PM

Try the instructions to the SFHDF.

http://www.fema.gov/media-library-data/20130726-1438-20490-8829/086_0_32.pdf

As long as you have and provide a complete legal description of the properties, I see nothing that says you have to separate them.
Posted By: ahou

Re: Flood Determinations on Adjacent Properties - 05/02/16 11:26 PM

Thanks.