What if my bank has the 1st and I am aware of another bank that has a 2nd? Am I responsible for enough ins to cover both of us or does the bank with the second have this responsibility?
For example, my loan is only $50,000 on a $300,000 home, other bank has a loan for $20,000. Do I require $50,000 or $70,000?
NOLA is my Beach!