Real estate blog entries tagged with clue by Kelly Lise Murray (DivorceThisHouse.com)

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Home : Blogs : Kelly Lise Murray : Kelly Lise Murray's Blog : Tag "clue"

clue: Hidden Divorce Mortgage Mistake - Home Insurance? - 01/16/09 05:29 AM

Another hidden danger of divorce mortgages - home insurance
Did you know home insurance is required to close or keep a mortgage? If the house you buy (or keep per divorce) is later found to be uninsurable, the lender (based on contract language in the loan documents) can call the loan - essentially canceling your mortgage before it's barely begun.
Did you know pending insurance claims on a house will likely prevent a mortgage from closing?
Another casualty - your credit score: In divorce, if you cannot individually qualify for home insurance on the family house you own with your EX, you cannot … (2 comments)

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Kelly Lise Murray

Franklin, TN

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DivorceThisHouse.com

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January 2009 (16)

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