David Saks: David Saks ((retired))

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 4003

A homeowner's house was constructed in such a way so that the floor of the house was built nearly two feet above a one hundred year old flood mark.

The homeowner wants to apply for a federally related home loan.

The lender must require flood insurance.

True or false ?

wildlife

A. False

The lender could exempt the homeowner from any flood insurance requirement because of the level of the flood mark and the it's age.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • March 30 2015 12:05AM
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