FORUM PROFILE

Reply To: Force Placing Hazard on a Foreclosure

Home Forums Compliance Masters Group (Members Only) Force Placing Hazard on a Foreclosure Reply To: Force Placing Hazard on a Foreclosure

#12482

kowsley
Keymaster

Is there a need to force-place hazard? Does the bank have a blanket policy in place for protection on properties that are in foreclosure? If the borrower is going to be assessed a charge for coverage that is placed then all regulatory requirements would need to be met, including the 45 day notice and 15 day reminder notice.