Forced placed insurance

[Chris Seveney]

Reminder to people out there, if you have your servicer handle the forced placed insurance - remember after a foreclosure or deed in lieu where you get the property back the property is no longer insured.

Recently had a house burn down that we recently foreclosed on and thankfully I carry insurance thru my agent and not servicer but reminded me of days when I went thru servicer

This should be added to a REO checklist item for yourself