http://www.chron.com/news/houston-texas/article/Medina-attorney-asks-judge-to-sanction-2-grand-1774536.php
Jauary 18, 2008
Article Excerpts:
[Referencing an earlier Medina quote] He said mortgage insurance paid off his note after the fire. Yates did not respond to requests for more information about the insurance claim.
Typically, if a borrower fails to insure a home, the lender will take out its own “forced place” insurance policy that covers only its interest and not any owner equity, contents or liability.
