WHAT HAPPENS INSURANCE IS NOT PAID

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WHAT HAPPENS INSURANCE IS NOT PAID

Post  Walter Cabe on Thu Feb 07, 2008 9:56 am

What happens if I have not paid the insurance on the property and let it lapse.

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Re: WHAT HAPPENS INSURANCE IS NOT PAID

Post  Ralph J on Thu Feb 07, 2008 10:17 am

They'll probably take your home if you don't pay for the insurance. How they will know I'm not sure.

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Re: WHAT HAPPENS INSURANCE IS NOT PAID

Post  Foster Brown on Thu Feb 07, 2008 10:56 am

Reverse mortgages require you to pay your property taxes and keep home owners insurance on the property or they will call in the balance or sell your home.

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