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Updated almost 4 years ago on . Most recent reply

Joe Moore's profile image
Joe Moore's profile image
Joe Moore
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jul 24, 2010

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804
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230
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Joe Moore's profile image
Joe Moore's profile image
Joe Moore
  • Rental Property Investor
  • from Los Angeles, CA
  • Member since Jul 24, 2010
Joe Moore
  • Rental Property Investor
  • Los Angeles, CA
230
Votes |
804
Posts
Real Estate News & Current Events

Lender is requiring on the home owner insurance a 6 month loss.

Joe Moore
  • Rental Property Investor
  • Los Angeles, CA
Posted

My lender is requiring that there is a 6-month rider in the homeowners insurance in case the borrower can't pay. Is this regular practice is this a ripoff or junk fee?

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