Thursday, September 27, 2012

Mortgages ? Flood insurance | Massachusetts Lawyers Weekly

Mortgages ? Flood insurance

Published: 1:56 pm Tue, September 25, 2012 1:56 pm Tue, September 25, 2012
By Tom Egan Massachusetts Lawyers Weekly

Where a plaintiff brought suit claiming that the defendant mortgage lender?s demand that he increase his flood coverage by $46,000 breached both the terms of his mortgage contract and the contract's implied covenant of good faith and fair dealing, the mortgage is reasonably susceptible to an understanding that supports the plaintiff's breach of contract and implied covenant claims under New Jersey law.

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Tags: Flood insurance, Oct. 1 2012 issue

Source: http://masslawyersweekly.com/2012/09/25/mortgages-flood-insurance/

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