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Updated over 7 years ago on .

User Stats

186
Posts
93
Votes
Stephen Fryer
  • Investor
  • Ottawa ON / South Bend, IN
93
Votes |
186
Posts

Payment Protection Insurance

Stephen Fryer
  • Investor
  • Ottawa ON / South Bend, IN
Posted

I am using hard money to buy a triplex. The lender is demanding a payment of $2500 in order to purchase payment protection insurance before he will close. I have done multiple deals this year and have never had this happen before.

Has anyone experienced this previously?

  • Stephen Fryer