Difference between revisions of "Short Form Considerations"
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(Created page with "===there’s no difference between a short form LP and a regular 2006 LP when it comes to the underwriting. If you have a filed mechanics lien that won’t be paid off, an...") |
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| − | + | There’s no difference between a short form LP and a regular 2006 LP when it comes to the underwriting. | |
| − | If you have a filed mechanics lien that won’t be paid off, an encroachment, or you’re insuring a second mortgage, you can still issue a short form LP. Just check the addendum box and take an exception like you would for the offending item on the 2006 LP. | + | If you have a filed mechanics lien that won’t be paid off, an encroachment, or you’re insuring a second mortgage, you can still issue a short form LP. Just check the addendum box and take an exception like you would for the offending item on the 2006 LP. |
Latest revision as of 10:34, 5 March 2021
There’s no difference between a short form LP and a regular 2006 LP when it comes to the underwriting.
If you have a filed mechanics lien that won’t be paid off, an encroachment, or you’re insuring a second mortgage, you can still issue a short form LP. Just check the addendum box and take an exception like you would for the offending item on the 2006 LP.
