Why can mortgage companies buy mortgages from other lenders and next require superfluous insurance?

caldwell banker sold my mortgage to citimortgage ..
citimortage purchased flood insurance on my behalf ..
my home is not in a flood zone
citimortgage is making me prove that my house is not within a zone through fema ..

when i purchased my house is 2006 Caldwell Banker provided me a certificate stating that home was not contained by a flood zone .. the sell was contigent on the house not mortal in a flood zone
Any time a mortgage is sold a new flood cert is done. Flood map do change. If you believe it is not in a flood zone you can petition FEMA & carry a ruling by them. It takes patience.
Report this to the State Commissioner of Insurance because there is Flim-Flam being perpetrate . Get this to your local radio and TV station as well as your newspaper and distribute a copy to City Mortgage. If you have proof regarding the contingent clause that the house be not in a flood zone, report it to the Attorney General's Office pronto. These birds are giving banking a impossible name .
"> You have the proof. Give them a copy of the ticket.

One thing to note, flood zone do occasionally change. what was once not a flood zone can be a flood zone then. There is a chance, slim one but still a chance, that your nouns has recently be deemed a flood zone. I would imagine that you would enjoy heard about this from a neighbor or something but you could be the first one put contained by the situation.

Good Luck!
The flood zone have been tripled contained by size. You may be in one. No need to guess. www.floodsmart.gov. If you are not contained by one, you win. If you are you pay.


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