Short Form Considerations

From WFG Wiki
Revision as of 10:27, 5 March 2021 by Neilnarut (talk | contribs) (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...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

===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.===