JeffMann
Freshman Member
- Joined
- Jan 17, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Florida
1.) Our office stopped putting flood maps in the appraisal 4 to 6 years ago. Not 1 (one) complaint.
2.) I have stopped winning battles and losing clients. When they notify me that the flood zone does not correspond to what the flood cert has I ask them to fax me a copy of the flood cert. I then change the appraisal to match the flood cert (it may be right or wrong, I don’t care) and indicate on the appraisal that the appraisal has been revised as of xx/xx/xxxx due to flood cert received from lender.
3.) I purchase new flood maps every 5 or 7 years like clock work. Generally, the maps don’t go out of date. Based on the volume of appraisals and the persons who share our data, the cost is minimal if even measurable.
4.) I don’t quite understand what all the fuss is about the flood data. It’s cheep and if the lender wants you to change it to match the flood cert you are off the hook. Just indicate the flood cert.
Jeff in beautiful down town Fort Lauderdale
2.) I have stopped winning battles and losing clients. When they notify me that the flood zone does not correspond to what the flood cert has I ask them to fax me a copy of the flood cert. I then change the appraisal to match the flood cert (it may be right or wrong, I don’t care) and indicate on the appraisal that the appraisal has been revised as of xx/xx/xxxx due to flood cert received from lender.
3.) I purchase new flood maps every 5 or 7 years like clock work. Generally, the maps don’t go out of date. Based on the volume of appraisals and the persons who share our data, the cost is minimal if even measurable.
4.) I don’t quite understand what all the fuss is about the flood data. It’s cheep and if the lender wants you to change it to match the flood cert you are off the hook. Just indicate the flood cert.
Jeff in beautiful down town Fort Lauderdale