Due to severe storms and flooding in Arkansas, FEMA has declared the following counties a disaster.
Incident Period: March 21, 2019 and continuing
|State||FEMA Disaster Declaration||Counties|
|Arkansas||June 8, 2019||Conway, Crawford, Faulkner, Jefferson, Perry, Pulaski, Sebastian, and Yell|
- 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.
For further guidance and loan property requirements refer to the Declared Disaster Policy.
Please contact CorrespondentRM@carringtonms.com with any questions. Carrington thanks you for your business.