Real estate blog entries tagged with ho6 insurance policy by GetLoans.com

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Home : Blogs : Brian Martucci : Brian Martucci's Blog : Tag "ho6 insurance policy"

ho6 insurance policy: HO6 Insurance Policy??? - 03/11/10 05:29 PM

An HO-6 policy is the form used for a condominium insurance policy. This condo policy will provide for coverage on the interior walls, interior upgrades, and for personal property held within the dwelling.
How does this apply to mortgage finance? In 24 years of mortgage banking, I have never even heard of HO6 insurance. And that is because when underwriting a condo loan, the banks only cared to see that the dwelling was insured in case of damage. And in a condo, part of condo fees go towards the master umbrella policy, so the unit owner usually does not concern … (0 comments)

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