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Condo/ OREO

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  • December 4, 2012 at 8:45 pm EST #2547
    shea930
    Member

    We have taken back a few condo units into our OREO that are in a flood zone. The RCBAP policy has just expired. The HOA has not yet renewed the RCBAP policy, it is still in the works per the agent. Is there a way we can get coverage for ourselves on just those few units? Or would an RCBAP policy have to be in place for us to have any coverage?

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  • December 5, 2012 at 12:53 pm EST #3010
    JGo9
    Participant

    This may be a question for the insurance company that your Financial Institution uses for force-placed flood insurance.

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