FEMA Disaster Declaration for California
Due to recent wildfires in California, FEMA has declared the following county a disaster.
- If an appraisal was completed prior to the incident date of the disaster, a re-inspection will be required.
- If an appraisal was not required due to a property inspection waiver or product type, an inspection report is still required.
Regardless of whether or not the transaction requires an original appraisal, an inspection will be required up to and including 90 days from the date the natural disaster occurred, prior to the Note date.