While there are many people who consider it a burden required by their
mortgage company, it is actually very important to protect you and your home against damage and
other catastrophic events, which could threaten your financial stability.
GMAC, GEMSA, Prudential Asset Resources and Midland are the largest servicers for life
companies and
other private investors,
while Washington Mutual, Berkshire
Mortgage Finance, GMAC and ARCS Commercial
Mortgage Co..
Things to consider: If buying and selling real estate, being the multifaceted situation that it is, finds itself sometimes even too complex for trained professionals in some situations, requiring the addition of
other trained professionals such as lawyers, inspectors, insurance pro's, appraisers, land surveyors, tax specialists, financial planning and estate management people or
companies, divorce specialists, grief counsellors, expert witnesses, construction people, builder issues,
mortgage fraud professionals, banking backup people, ex pat and non-resident specialists, immigration rules and regs, investment counsellors, to help unravel oddities and eventualities, just imagine the Rubik's cube the journey represents to the average, unrepresented buyer or seller, perhaps even ones in the midst of it
while trying to digest a purchase or sale, going through a divorce or dealing with a grieving relative, due to a death in the family, even more especially where English is not that individual's first language.