07-15-2009, 04:15 AM
Bullwinkle, let me re-phrase that. Some lenders didn't have any specific guidelines relating to "lava zones" and their own acct execs just never pressed the matter, as in "asking" about lending in these areas specifically. After all, all properties are fully insured regardless. Also, the lender is fully informed of the lava zone info as it is noted in detail on the appraisals for each property. It's up to the lender to review and underwite the appraisals. No one is committing "fraud". GEEZ, you must be retired, so much time for extended research from a single sentence?