Countrywide Home Loans Complaint

Countrywide Requires Flood Ins for Properties Outside Flood Zone

- Marysville, WA
Countrywide Home Loans is requiring and has taken out a $2,000 flood insurance policy (which they are deducting from our escrow account) on our property on Mission Beach Road in Marysville because they say it is within a flood zone and it's required by FEMA. The FEMA map we find online through FEMA shows our property in flood zone X which is not in a flood zone. We have called Countrywide and they say it's out of their hands, that their "new" map says FEMA has us in a flood zone. The only way to change it is to get a LOMA (Letter of Map Amendment) from FEMA. We think Countrywide is scamming us and maybe others.

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Reader Comments:

Posted by MIKENYEJR on 01/28/2009
Countrywide did the same exact thing to me. Wanted 3500.00 for flood insurance a year, when i bought it from Farm Bureau for 600.00 a year. I also am in flood zone x, and built up the land my house is on. I am planning on a lawsuit against them for fraud.


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