NLIC.org

Guy Said:

Should Title Insurance info be included on the GFE from the mortgage lender?

We Answered:

The GFE should contain the insurance even tho it is not strictly a "lender" fee.
The discount you seek is called the "reissue" rate. SOme are 2 years; some 5 years. SOme make you bring in your original copy of the title insurance. Did you save it? /

Bernard Said:

If I am in a property partnership, and my name is NOT on title, could my life insurance pay off the mortgage?

We Answered:

sounds like there are 4 owners on the property. why are you two paying all the mortgage and not the other?

anyway, life insurance can pay off the mortgage if you or your spouse dies, but that depends on how much coverage you guys bought.

Heather Said:

Can a title company change the conditions of my mortgage?

We Answered:

No way. No how. There are no monthly service fees paid to a title company. They have zero to do with your mortgage after it closes. Where did you get this information?

There is some confusion somewhere.

Perhaps the mortgage company has issued "forced placed homeowner insurance" on your property after they determined you did not have insurance on the home. Yes, they have the legal right to do this. And yes, it could cause a big change in your monthy payment. If somehow your home insurance was dropped by your insurance company (like a State Farm, Allstate, etc.), then get your own insurance again right away and then notify your mortgage company.

Also, call your mortgage company and get clarification about what's going on here. Make sure you write down what they say.

Good luck.