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Updated 8 months ago on . Most recent reply

User Stats

13
Posts
6
Votes
Victor Hong
6
Votes |
13
Posts

Insurance cancellation on apartment complex

Victor Hong
Posted

What if no other insurer will provide a new policy, but my lender requires full ongoing coverage, and would treat a naked situation as a default, meaning immediate loan repayment or foreclosure?  

An upcoming refinancing maturity, too, can add to worries.


Has this happened to investors here?   Would it be better to say nothing?   Thank you.

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