Back Foreclosure Deficiency Insurance - CA

Need an insurance policy that will secure 10-20% of the loan amount in case a foreclosure sale doesn't produce enough funds to pay the underlying promissory note, or loan, in full. This would be for agricultural properties (non-hemp) based in California. These loans start from $500K-$5M so client will be looking for policies ranging from $100-$1M.

How many do you have? is this a one off? We could get it done but would need a pretty good volume. The main issue is that ther eprobably is a high percentage that sell for less than the loan amount and it might encourage selling quickly for a lower amount.

Martin Burlingame
CEO
Commercial Insurance Group, LLC dba Bigfoot Insurance
P.O. Box 60190 Colorado Springs, CO 80960
Email: martin@bigfoot.insure
Direct: 719-476-0104 | Office: 855-900-2960
Web: www.bigfoot.insure
FAQs and Support Chat: https://bigfoot.zendesk.com/