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#1098910 - 12/17/08 07:27 PM Flood Insurance
Cale_N_Oats Offline
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Cale_N_Oats
Joined: Aug 2008
Posts: 742
Southern Illinois
Most likely a dumb question but what are the procedures when someone has filed a CH13 bankruptcy and they have a loan in a flood zone and the insurance has come due. Do we still send out the notice that it has come due and they need to obtain insurance? Can we force place?
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#1098917 - 12/17/08 07:33 PM Re: Flood Insurance Cale_N_Oats
RR Joker Offline
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RR Joker
Joined: Nov 2002
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The Swamp
You know, that's an excellent question. If we are not supposed to have any contact with a customer during the filing stage...what DO you do!
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#1098970 - 12/17/08 08:29 PM Re: Flood Insurance RR Joker
Tesla Offline
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Could you maybe send the notice to the attorney for the borrower? Just a thought - I don't know the right answer.
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#1099004 - 12/17/08 08:59 PM Re: Flood Insurance Tesla
Cale_N_Oats Offline
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Cale_N_Oats
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Posts: 742
Southern Illinois
Ok, lets say i give it to the attorney to give to the borrower and they don't get insurance. Do i force place and hand the notice of force placement to the attorney as well?
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#1099232 - 12/18/08 04:06 AM Re: Flood Insurance Cale_N_Oats
Ray_ Offline
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Posts: 879
Dallas, TX
This sounds like a question for your bank's attorney.

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#1099237 - 12/18/08 04:15 AM Re: Flood Insurance Ray_
rlcarey Online
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Galveston, TX
I concur.
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