Homeowners insurance is designed to protect both the homeowner and
lender against financial loss from a variety of hazards that may have a negative impact on the home's value.
A PMI policy protects
the lender against financial losses that would result if the borrower were unable to repay the loan.
This insurance protects
lenders against financial losses that result when homeowners default and stop making their mortgage payments.
Not exact matches
The
lender will use the fee for an insurance policy to protect them
against financial loss in the event of a borrower not meeting their mortgage payments.
It is intended to protect an owner's or a
lender's
financial interest in real property
against loss due to title defects, liens or other matters.
Housing Law Unlawful Detainer Defense Tenant Rights Security Deposit Habitability Claims Reasonable Accommodations Mortgage / Foreclosure Counseling Consumer Finance & Mortgage Fraud
Financial Literacy Training Loan Modification /
Loss Mitigation Assistance Preliminary Injunctions to Prevent Foreclosure Sales Civil Litigation
Against Lenders for Homeowners Bill of Rights Violations / Civil Litigation for Misrepresentation or Fraud in Homeowner Mortgages
This is basically a form of indemnity insurance (protecting the
lender)
against financial loss.
It is meant to protect an owner's or
lender's
financial interest in real property
against loss due to title defects, liens or other matters.