Forced Placed Insurance
Posted by robrickman on August 26, 2009 in foreclosure
71 Comments
I bring up this topic because I have a disproportionately high percentage of my clients who have in place “force placed insurance”. What is this? Forced placed insurance is the legal practice employed by lenders to insure their collateral when the borrower allows the property to go without insurance. While it is quite evident that [...]
Should I Just Let My House Go?
Posted by robrickman on July 10, 2009 in foreclosure
A significant contribution to our economic woes over the past 18 months is the over-priced home prices. As I counsel my clients each day, I often find myself helping my clients come to grips with the harsh reality that their house is not really worth what they paid for it 3 – 5 years ago. [...]