[enerwall]

Is it acceptable to order one flood determination for a range of property addresses? For example, there are four addresses that are being used as collateral: 2000 Any Street, 2002 Any Street, 2004 Any Street, and 2006 Any Street. The determination was ordered with the following address: “2000-2006 Any Street, City, State, Zip”

Any insight would be much appreciated!

Topic

[rcooper]

IMO you need separate flood determinations for each property, otherwise how will you know which property is in the flood zone if the determination comes back positive? I’m also thinking about the life of loan monitoring you most likely have with your flood determination vendor. There could be map change affecting one property and not another, which could make it difficult for you to determine which property has had a change – and when your being held to strict timeframes, as with flood regulations, the cleaner you can make the process the better.

[Sandy]

We are doing a loan on 1 tract of land that has 2 duplexes. Are we required to do 2 separate flood determinations, one for each duplex or order 1 flood determination using one of the house #’s?

[Author]

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