I live in California, I have applied to refinance my condo, which I have owned for 30 years. The new lender is requiring that in addition to the HOA (Homeowners' Association) insurance policy on the property that I purchase condo-owners insurance, which only insures my personal property within my unit.
I am fighting them on this as they should not have an interest in my personal property, Should they??
Is this legal? No other lender has ever asked me for this.