Foreclosure in 19403>Question Details

tammiema9590, Other/Just Looking in Chicago, IL

i'am having a problem wiyh my mortage company have never missed a payment, but I was without home ins for 2 months and they added escrow to my account

Asked by tammiema9590, Chicago, IL Sat Jul 6, 2013

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Why is that a problem? This way they know insurance will be paid.
0 votes Thank Flag Link Mon Jul 8, 2013
Hello Tammie,

The lender is allowed to place insurance on your property if your insurance coverage lapses. The force placed insurance is very expensive. You need to reinstate your insurance coverage immediately and then send proof to the lender that you have it. Call the lender and ask them how much money you need to make your account current. If you do not do this immediately it can affect your credit rating.

Alan Openshaw
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
NMLS ID 143960
0 votes Thank Flag Link Sun Jul 7, 2013
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