Forced Placed & Foreclosure Property
Offered by Lee & Mason Financial Services, Inc.
Description
Features:
Covers residential (first, second / equity) and commercial mortgage properties
Three coverage options:
Full-blanket: no insurance follow-up required
Ex-checking: lender responds to known cancelations within 90 days
Checking: lender continuously monitors all property insurance
Provides limited coverage for flood loss to properties outside of flood zones; also limited coverage due to earthquake outside of California
Covers various servicing errors & omissions, like failure to pay escrowed insurance premium
Foreclosed REO properties covered via MortgageHazard.com
Blanket may be extended to REO properties with underwriting approval
Covers residential (first, second / equity) and commercial mortgage properties
Three coverage options:
Full-blanket: no insurance follow-up required
Ex-checking: lender responds to known cancelations within 90 days
Checking: lender continuously monitors all property insurance
Provides limited coverage for flood loss to properties outside of flood zones; also limited coverage due to earthquake outside of California
Covers various servicing errors & omissions, like failure to pay escrowed insurance premium
Foreclosed REO properties covered via MortgageHazard.com
Blanket may be extended to REO properties with underwriting approval
Details
Has Pen
Offered By
Availability 50 states
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Covered
Not Covered
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