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Updated almost 7 years ago,

Daniel E.'s profile image
Daniel E.'s profile image
Daniel E.
  • from Charlotte, NC
  • Member since Apr 23, 2018
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55
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4
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Daniel E.'s profile image
Daniel E.'s profile image
Daniel E.
  • from Charlotte, NC
  • Member since Apr 23, 2018
Connect
Daniel E.
  • Charlotte, NC
4
Votes |
55
Posts
Tax Liens & Mortgage Notes

NPL home insurance - prior to force-placed to avoid damage

Daniel E.
  • Charlotte, NC
Posted

Hello,

Does anyone have experience in obtaining property insurance on a property where you have acquired the non-performing loan? 

I am concerned that the owner-occupant will damage the property after receiving the force-placed insurance notification request. There will be an approximate 30-day gap. As lender, can I obtain insurance, purely at my own expense?

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