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Updated about 6 years ago on . Most recent reply

George Frye's profile image
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George Frye
  • Investor
  • from Albany, Georgia
  • Member since Sep 28, 2009
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George Frye's profile image
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George Frye
  • Investor
  • from Albany, Georgia
  • Member since Sep 28, 2009
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George Frye
  • Investor
  • Albany, GA
23
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158
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Tax Liens & Mortgage Notes

Force Placed Insurance

George Frye
  • Investor
  • Albany, GA
Posted

I have a note I am foreclosing on. I need to place force placed insurance just to protect my investment.  Any good recommendations?

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Wayne Snell's profile image
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Wayne Snell
  • from Londonderry NH & Miami, FL
  • Member since Jul 25, 2014
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Wayne Snell
  • from Londonderry NH & Miami, FL
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Wayne Snell
  • Londonderry NH & Miami, FL
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Wayne Snell
  • Londonderry NH & Miami, FL
Replied

I use both Ross Diversified and US Risk. They are both very good. Be aware that some servicers "require" you to use their FPI. What that translates into is significantly higher premiums for crappier coverage and an almost guaranteed way to ensure you never get paid on your claim. FWIW I may have learned that the hard way ;)

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