Anybody in PS who have refinanced recently?

NEW -> Contingent Buyer Assistance Program
jmoney74 said:
That is correct. So what now?  Can chase just contact an insurance agent to review?
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I just emailed Chase that our policy is HO-3 and therefore should be underwritten as a SFR although technically classified as a condo.
 
Don't think they can under write it as an sfr but they should know it's a free standing condo with no shared walls so the Hoa doesn't have coverage over it other than surrounding common areas.
 
cheetos said:
https://www.fanniemae.com/content/fact_sheet/condo-project-review.pdf

"Detached condos may follow single-family property insurance requirements (Selling Guide B7-3-03, Determining the Amount of Required Property Insurance Coverage) if the legal documents allow individual policies to be held."
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Finally emailed my mortgage servicer a copy and paste of the above yesterday. Just got this back from them:

We have updated your file to reflect the correct insurance coverage.

The requirement for a Master Condo policy has been removed, you should not
receive any further correspondence regarding this matter.

I apologize for the confusion.    Thank you for making us aware of the
problem so we could get it corrected.
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