Legal Question in Real Estate Law in California

Legal Protection for Loan Buybacks

How can a mortgage broker protect themselves from buying back a mortgage? Is there insurance? A bond? Does E&O insurance protect against this?


Asked on 5/23/06, 11:52 am

1 Answer from Attorneys
Ken Koenen Koenen & Tokunaga, P.C.

Re: Legal Protection for Loan Buybacks

Why would you need to "Buy Back" a loan? There is E&O insurance, which you definitely should have. E&O would probably not cover fraudulent loans (fraud on your part).

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Answered on 5/23/06, 4:08 pm


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