Can a lenders insurer foreclose on a home?
My lender turned my 2nd mortage over to their insurance company, which paid my lender the balance of my 2nd. I own worked out a deal with my lender on my 1st. Can their insuance come after me for the stability and threaten me to foreclose on my property? Can they garnish my wages?
Answers: Most of the major insurance companies are not within the business of financing insured's homes. So this sounds a bit obscure. However, any mortgage company/holder can foreclose on your property if you do not make payments.
Garnishing wages is a unlikely scenario since the mortgage company would foreclose on the home and consequently sell it. They would have to sue you to trimmings your wages.