Quick Update On The Effects Of The Recent Floods

Just a quick update for mortgage transactions in areas affected by the floods. FEMA has added Boulder, Adams, Larimer, Weld and parts of El Paso county, to a disaster area classification. Banks are requiring a final appraiser’s inspection for homes in these areas, to make sure the home is still in good shape. We just had this happen on a loan closing next week, even after the loan was fully approved last week. We ordered the inspection and had it back in just a few days. So, in the big picture, it is not a big deal, but just wanted to make you aware – we are on top of it!