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Updated about 4 years ago on . Most recent reply

Philip L.'s profile image
Philip L.'s profile image
Philip L.
  • Wholesaler
  • from Florida
  • Member since Mar 11, 2018
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180
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Philip L.'s profile image
Philip L.'s profile image
Philip L.
  • Wholesaler
  • from Florida
  • Member since Mar 11, 2018
Connect
Philip L.
  • Wholesaler
  • Florida
52
Votes |
180
Posts
Private Lending & Conventional Mortgage Advice

I need help understanding Insurance requirements

Philip L.
  • Wholesaler
  • Florida
Posted

I am currently trying to refinance one of my rental properties, the lender has asked my insurance company to make some changes and 
Insurance will need to be submitted in accord form. Please have the insurance agent provide a ACCORD 25
and a ACCORD 27.

My insurance company is saying they have never heard of Accord 25 or 27, I am now at the stage where my lender is asking me to buy new insurance that's twice as expensive.

Any idea how to resolve this issue?

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Daniel Hennek's profile image
Daniel Hennek's profile image
Daniel Hennek
  • Lender
  • from Lewis, CO
  • Member since Dec 7, 2017
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Daniel Hennek's profile image
Daniel Hennek's profile image
Daniel Hennek
  • Lender
  • from Lewis, CO
  • Member since Dec 7, 2017
Connect
Daniel Hennek
  • Lender
  • Lewis, CO
159
Votes |
218
Posts
Daniel Hennek
  • Lender
  • Lewis, CO
Replied

This is your lender being bad at their job...

1 Vote
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