Certifying Flood Status of Commercial Properties with Multiple Structures
In cases where multiple buildings exist on a property involving a mortgage from an FDIC-backed lender each building should be considered by the flood determination. Here’s how we provide that information.
WTG President to Speak at National Private Lenders Association Conference
WTG's President & COO, Jerry Jones, will join other industry experts on the National Private Lenders Association's leadership panel focused on technology-based services. Join us at the Pitbull Conference in Miami.
Challenging Flood Insurance Requirements of Properties in Zone A
Challenging the flood status of a property in an A Zone by submitting a Letter of Map Amendment (LOMA) can be considered a little bit of a “gamble” but it is an entirely worthwhile pursuit, often with a positive outcome for the investor.
In fact, we regularly request LOMA’s on A Zones, and often the outcome results in removal from the SFHA.
The information provided is for informative purposes only and is not intended to be legal advice or a legal opinion. For legal advice, please consult an attorney.
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