Top 10 Insurance Tips For Lenders: There’s no such thing as “too careful.”

Top Ten Insurance Tips for Lenders: There’s no such thing as “too careful.”

by Bill Locke and Marilyn Maloney

The Practical Real Estate Lawyer, May 2012

Lenders have many concerns when they make, monitor, and, unfortunately, foreclose on secured loans. Although insurance issues may not be the first things a lender considers, these can be just as important as the creditworthiness of the borrower, the status of the collateral, and other credit factors. This article outlines 10 insurance topics that should be considered in the lifecycle of a mortgage loan. Each topic area will include a tip that attorneys representing lenders can use in practice. 

Read the full publication