Legal Question in Real Estate Law in California

I have received a letter from my lender that my condo Association Master Policy has (allegedly) expired and that I need to mail or fax them current condo insurance certs which I have done. Twice, once certified mail. 3 phone calls later to 3 different customer service reps at my lender, (pennymac) whom I have documented their names and ID numbers, I am now told that they have the current insurance certs, the previous ones weren't expired however the lender needs to be named as the "Mortgagee" and lender loss payee before they will accept it. I contacted my condo management co and condo insurance company and the insurance company states that they cant add the lender to the master policy. I am looking at Forced Place insurance within another 20 days. Any suggestions, help?


Asked on 6/29/15, 9:08 pm

1 Answer from Attorneys

Yes. The only viable suggestion: get off the internet and talk to someone local, in person, who can look at the actual documents and advise you.

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Answered on 6/29/15, 9:40 pm


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