What problems do lenders face when a buyer defaults?

When a buyer defaults, your client's equity remains locked in the property, straining their ability to meet obligations. Loan-to-value ratios deteriorate as carrying costs mount. Debt service coverage becomes stressed. You are left to navigate extensions, additional fees, and contingency planning.

How does SecureMyOffer protect bridge loans?

SecureMyOffer is closing insurance that protects bridge loans during buyer defaults. Coverage includes protected debt service coverage with all carrying costs covered, secured position on title through forbearance agreements, and better LTV ratios with comprehensive coverage up to the policy limit.

What is included in SecureMyOffer's comprehensive protection?

Protection includes emergency equity advance up to the policy limit, coverage of carrying costs including mortgage payments, taxes, utilities, and vacant dwelling insurance, property value guarantee up to policy limits, zero distressed sales, legal recovery services, and upside protection where sellers keep profit if resale exceeds original price.

How does the SecureMyOffer process work?

The process involves 5 steps: 1) Application online within 10 days of firm offer acceptance, 2) Policy issued minimum 14 days before closing, 3) Claim filed online in 5 minutes if buyer defaults, 4) Emergency equity advance deployed quickly, 5) SecureMyOffer manages property remarketing and legal recovery while your loan stays protected throughout.

Lenders

Reduce Bridge
Loan Risk

Insure against buyer default with Home Seller Closing Insurance

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The Risk Isn’t Underwriting, It’s Execution

Even conservatively structured bridge loans can face:

Buyer default at closing
Unexpected extensions
Market softening during resale
Rising carrying costs

SecureMyOffer protects the Seller when a buyer delays or defaults.

What Home Seller Closing Insurance Does

SecureMyOffer coverage removes the debt servicing responsibility from the Seller. As a bridge lender, this effectively improves the seller’s TDS/GDS ratios, as carrying costs are removed from their debt servicing capacity.

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This strengthens the LTV position by covering potential downside resale risk. By protecting seller equity, transactions move faster and collateral performance is preserved.

A Real Scenario: Bridge Loan Protected

357 Main Street

Buyer Delays Closing by 10 Days

Property for Sale

$1,200,000

Purchased New Home at

$1,400,000

Bridge Loan Balance

$720,000 (60% LTV)

Buyer Defaults at Closing

Property must be relisted.
Loan extension required.

Seller Must Close on New Property

Seller now carries costs for both properties, plus bridge loan interest

Property Resells for $1,100,000 (100K Reduction)

Seller is now overextended, increasing financial risk.

With Home Seller Closing Insurance

SecureMyOffer covers*:
• $100,000 sale price reduction
• Legal and transaction costs
• Carrying costs incurred, including mortgage and bridge loan interest expenses.