Flood Insurance ?
Do you think all major banks perform this due-dilgence regarding researching if a property falls into a FEMA flood-zone, and require flood insurance?
I can see the mega banks: Citicorp, BOA, TD-Bank performing such review,
but the little Mom & Pop banks like Laconai SB, Meredith Villiage, Profile Bank, etc. I wouldn't think these type of financial institutions, would have the time or resources to perform such a review? Or make it a mandatory requirement.
Thoughts?
Bigdog
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