Updated over 7 years ago on . Most recent reply
NPL home insurance - prior to force-placed to avoid damage
Hello,
Does anyone have experience in obtaining property insurance on a property where you have acquired the non-performing loan?
I am concerned that the owner-occupant will damage the property after receiving the force-placed insurance notification request. There will be an approximate 30-day gap. As lender, can I obtain insurance, purely at my own expense?