Flood Insurance

[SLiP-N-SLiDe]

the house was purchased three years ago and the mortgage company was Taylor,Bean&Whitacker. they kept us for a month and then sold us to Washington Mutual. had them up until December 06 and got transfered to Wells Fargo. It started with Washinton Mutual around October 06 and I finally got them stating that they were going to send me a copy of the Certificate of insurance and instead of receiving the certificate. I got a letter saying that starting December 06 our new mortage company will be Wells Fargo. So I thought to myself that I wouldn't need to get it anymore but nope. I soon got a letter from Wells saying that I need to purchase Flood insurance because of my previous loan agreement with Washington Mutual. I think I'm going to have to find my original loan officer. Are you in the Mortage business??

[Jaimecbr900]

the house was purchased three years ago and the mortgage company was Taylor,Bean&Whitacker. they kept us for a month and then sold us to Washington Mutual. had them up until December 06 and got transfered to Wells Fargo. It started with Washinton Mutual around October 06 and I finally got them stating that they were going to send me a copy of the Certificate of insurance and instead of receiving the certificate. I got a letter saying that starting December 06 our new mortage company will be Wells Fargo. So I thought to myself that I wouldn't need to get it anymore but nope. I soon got a letter from Wells saying that I need to purchase Flood insurance because of my previous loan agreement with Washington Mutual. I think I'm going to have to find my original loan officer. Are you in the Mortage business??

If that's how it went down, something is wrong. Someone somewhere dropped the ball. Like I said, all mortgages go thru a flood cert BEFORE final approval. So it went thru Taylor Bean, WaMu, and now suddenly Wells "finds" that you need flood insurance??? Three years later???? Doesn't work that way.

I'd be calling both my original LO with Taylor Bean and also doing some research on my own. As I said, the 100 yr flood planes are public record so you can go get your own copy at the courthouse.

Like I said, it is something you need to jump on with the quickness. Large Mtg co's like Wells can be rather full of red tape. Once they stick that flood insurance onto your loan, it will be real difficult to get them to take it off.

And yes I am in the Mtg. Business. If you need any assistance, feel free to call me.