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FHA and flood zone.

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KYLECODY

Thread Starter
Senior Member
Joined
Apr 26, 2003
Professional Status
Certified Residential Appraiser
State
Arizona
I have a property where I am showing from 2 different sources it is in a flood zone, zone A.

The DEU has sent me their flood cert that has the same flood map # as mine but states its zone X and not in a flod zone? Theyre asking that I change the report to match their flood cert. Any suggestions?

I have an actual copy of their flood cert but think with my 2 sources a call to the HOC may be warranted? Any ideas appreciated on how others would proceed. Thx.
 

sbb04

Sophomore Member
Joined
Jan 29, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
flood zone

The underwriter has the power to overrule you but that doesn't mean you have to change anything on your report. Make them earn their money. Only a survey can determine definitely if it is or isn't.
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
I'd puke on their shoes and tell them I'm done and its their job to clean up. Seriously, unless I was on the eyeball end of the surveyors instrument when the Flood surveys were done, I wouldn't dare warrant (or change) Flood Cert data. As you reported here, your Flood data is inconclusive, the lender should do due diligence. CB4, take yourself out of the loop.
 

Otis Key

Elite Member
Joined
May 15, 2004
Professional Status
Certified Residential Appraiser
State
New Mexico
I'd puke on their shoes and tell them I'm done and its their job to clean up. Seriously, unless I was on the eyeball end of the surveyors instrument when the Flood surveys were done, I wouldn't dare warrant (or change) Flood Cert data. As you reported here, your Flood data is inconclusive, the lender should do due diligence. CB4, take yourself out of the loop.
Not a CB4 Rex - the UW can override it and take care of it that way. The appraiser signs the certs that says we trust the sources of the outside documents we use. On top of that, I'd bet it's "UW stip" coming from a LO.
 

Mr Rex

Elite Member
Joined
Jan 12, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Based on the uncertainty of the data, CB4 MHO. Unless the OP has SCA comps that have similar ambiguous Flood data, then it can't be As Is IMHO.
 

Don Clark

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
I never have, and never will change my flood zone information based on a flood certification. I have found that they are wrong as often as they are right. When I bought an investment property in Kitty Hawk, NC the appraiser stated(correctly) that it was not in a flood zone. The FEMA map showed that it is not in a flood zone, the town of Kitty Hawk showed it to not be in a flood zone. The property sits on top of a large dune. It is called "Dune Tops". And of course the Flood Certification showed it to be in a flood zone...Idiotsm2:

The lender tried to sort it out with the company that did the flood cert. They would not budge. Neither would the appraiser or the town of Kitty Hawk. Because the appraiser would not change his appraisal, and the town would not change their letter, I was not forced to pay flood insurance.

Stick to what you have reported.
 

Bedrock

Sophomore Member
Joined
Oct 21, 2004
Professional Status
Licensed Appraiser
State
New Jersey
If you are using a flood data source and do not have the actual paper maps, you can view, print and make a PDF or Image file of the actual map from FEMA.gov. I have pin pointed may properties this way. All maps are available for viewing, printing, pdf and image files. Go to http://msc.FEMA.gov/webapp/wcs/stor...eView?storeId=10001&catalogId=10001&langId=-1 . Type in the property address on the left side bar and it will take you to the map. If I have a property that is questionable or if I can't determine the zone, condition the appraisal on a flood cert and/ or flood survey.
 
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