Correspondent Lending California Wild Fires-Funding Postponement UPDATE—December 6, 2018
December 6, 2018
Re: California Wild Fires-Funding Postponement UPDATE
AIG Correspondent Lending will lift the temporary funding postponement for properties impacted by the California Wildfires in Los Angeles, Riverside, Ventura and Butte Counties.
All California properties will be verified through FEMA’s disaster area detection system, and may require a re-inspection. The following re-inspection requirements will apply:
• A re-inspection completed by the original appraiser on forms 1004D or 442 or a re-inspection by a third party vendor such as but not limited to Clear Capital®, Summit Valuations©, or Pro Teck Valuation Services©.
• The re-inspection must include exterior photos to support the inspector’s comments.
• The re-inspection must certify there is no damage to the subject property.
• The re-inspection must be dated after the date of full containment.
Please contact Shane Larscheid, Vice President of Sales with specific questions related to this announcement.