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Updated over 6 years ago on . Most recent reply

User Stats

158
Posts
24
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George Frye
  • Investor
  • Albany, GA
24
Votes |
158
Posts

Force Placed Insurance

George Frye
  • Investor
  • Albany, GA
Posted

I have a note I am foreclosing on. I need to place force placed insurance just to protect my investment.  Any good recommendations?

Most Popular Reply

User Stats

174
Posts
238
Votes
Wayne Snell
  • Londonderry NH & Miami, FL
238
Votes |
174
Posts
Wayne Snell
  • Londonderry NH & Miami, FL
Replied

I use both Ross Diversified and US Risk. They are both very good. Be aware that some servicers "require" you to use their FPI. What that translates into is significantly higher premiums for crappier coverage and an almost guaranteed way to ensure you never get paid on your claim. FWIW I may have learned that the hard way ;)

  • Wayne Snell
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