02/13/2024
This is a real problem right now. It’s real a challenge and problem when a client is in escrow and this is needed to close. For my friends who are real estate agents, those in lending and other agents, advise your clients to get this process going as soon as possible, it can take 30 days or more. As agents, once we submit the request to the Fair Plan for the quote/application, we are stuck waiting on them to approve and we don’t have many options to expedite the process.
The delays are forcing them to go uninsured, so mortgage lenders are putting them on force-placed insurance, which can cost thousands of dollars a month