Legal Question in Real Estate Law in Florida

Re: flood policy

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The new lender owns your mortgage and has the right to make reasonable requirements. If you are in a flood zone, flood insurance is extremely common and would be considered reasonable. Unfortunately, you are not in the driver's seat. If you refuse to comply, it will be a breach under your mortgage and the lender could foreclose on it. It would probably be far less expensive to comply then to face costly legal action.

Scott R. Jay, Esq.