answersLogoWhite

0


Best Answer

No, a Lien holders "Single Interest" insurance policy, only covers the lien holders interest in the property, not the interest of the previous owner or foreclosed buyer.

When a lien holder places it's own policy on a foreclosed or otherwise uninsured home it means that the buyer chose not to have insurance. The Lien Holder has placed the coverage to protect it's own interest. This type of policy is also referred to as "Single Interest Policy".

User Avatar

Wiki User

โˆ™ 2012-03-01 21:59:49
This answer is:
๐Ÿฆƒ
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides
๐Ÿ““
See all Study Guides
โœ๏ธ
Create a Study Guide

Add your answer:

Earn +20 pts
Q: Does lien holders insurance cover cost of unpaid bills after closeing?
Write your answer...
Submit
Related questions

How do doctors get paid?

They send bills to their patients and the patients' insurance companies. Bills that remain unpaid for a couple of months may be sold to a collection agency at a discount.


In the death of a spouse who is resonsible for unpaid medical bills after the insurance has been paid?

The remaining spouse or executor of the deceased's will.


Can you lose your house to settle unpaid medical bills?

Yes. That's why Insurance is a good idea. Even if you get Medicaid, at death they can get your house.


Is your husband legally responsible for your unpaid medical bills if he is the primary insured?

Yes, it is the responsibility of the primary insurance holder. The admission papers are also likely to have specified this.


Can one go to jail for unpaid medical bills?

No. There are many adverse consequences of unpaid medical bills, including lawsuits and wage garnishment, only noncustodial parents paying child support can be jailed for unpaid medical bills in America.


Who can help with unpaid medical bills?

The local county Human Services office can help individuals and families with unpaid medical bills. They can help by directing people to state and federal programs that are made to help people pay medical bills. There are also charity programs that can help with unpaid medical bills.


Can you get arrested for unpaid medical bills?

NO


Who is responsible for deceased fathers unpaid medical bills?

Unless he had insurance to cover bills in the case of his death, the creditors will be looking to the heirs of his estate to pay them. The issue will more than likely be presented by his creditors in the Probate court.


How do you know if you have unpaid medical bills.is there a website out there that i can go to to find out where the bills that are unpaid are?

i have 2 medical bills on my credit and i need to know what they are and i have the account numbers where do i look/


Can you 401K be taken for unpaid medical bills?

No


Can you enter Croatia with unpaid medical bills?

no!!


Can unpaid medical bills be reported on credit reports?

Yes, unpaid medical bills will be reported to credit bureaus not to mention the collection agency that the medical facility will pursue.


What is bad credit history?

is when a consumer does not pay thier bills on time or have unpaid collection bills


Statute of limitations on phone bills in California?

What is the statute of limitations for unpaid phone bills in California


Can your wages be garnished for unpaid medical bills in Missouri?

no


In the state of Wisconsin can wages be garnished for unpaid medical bills?

can you wages be garnishe for medical bills? can you wages be garnishe for medical bills?


You received a court summons for unpaid medical bills Is this a garnishment?

No


Can a hospital take you to court for unpaid medical bills?

Yes they can!!!!!!!!!!!!!


What is the difference between health and supplemental insurance?

Health Insurance pays benefits to the doctors and hospitals that provide medical assistance when your are sick or hurt.Supplemental Insurance pays benefits directly to you. Use the money to cover unpaid medical bills, travel expenses, and to replace lost income.


Can unpaid or late medical bills be reported on credit reports?

Yes.


Medical bills on credit report?

unpaid collection on medical bills can possibly be reported on bureau, but payment history is not reported.


How long are unpaid medical bills on your credit score?

Unpaid medical bills are on your credit score until they are settled with the company that issued the bills or written off of the credit report. This could be for many years if you are making payments on the account or might end more quickly if you have declared bankruptcy.


What is the statute of limitation on unpaid bills in MS?

Under the statute of limitation in Mississippi debt collectors must forfeit its right to file suit. Unpaid credit card bills and open accounts have a statute of limitations of three years.


Does collection agency account information includes bounced checks unpaid rent utility bills and doctor's or hospital bills?

YES!


What happens when a sim doesn't pay the bills?

The repo men will come and take stuff that adds up to the value of the unpaid bills.