If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

If indeed it was the properties spoken of as 50% then Bill's suggestion will solve that as well as making sure that the surviving person is the beneficiary of the insurance policy along with a power of attorney for the business affairs in the case of death or other incopasitating injury.

I heard it passed and became effective in April and they are putting a committee together to actively enforce it & begin persecuting in June.

The last line in there pisses me off because I see it made in so many public policy arguments.

I know each lender might have different policies surrounding this, I just want to get an idea of what is the normal practice.

Insurance can remain seperate on one property or you can use a blanket policy, won't usually matter.These are not usually long term financing arrangements or fully amortized depending on the loan amount.

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Title companies vary on there policy.

@Brad Zerhusen My closing costs were:$206 Filing Fees$7,100 Origination Fee$3,500 Appraisal$16.00 Flood Certificate$1,810.32 Title Policy$2,537.40 Lenders Attorney Fee's$7,100 Mortgage Broker Fee's$10,428 Tax Escrow$10,036.74 InsuranceAnd I received $15,374.66 for tax proration.

From there, you pay in all your policy savings from having the higher deductible.