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Updated almost 12 years ago on . Most recent reply

User Stats

90
Posts
27
Votes
Edward Barnes
  • Smithfield, VA
27
Votes |
90
Posts

Paying Seller's Homeowner's Deductible

Edward Barnes
  • Smithfield, VA
Posted

Anybody have any experience with his?
Here's the situation. I'm buying a personal home. It's a short sale. So I put made an offer and the offer's accepted by the bank. Later when I go through with the 203K consultant, A/C unit and furnace are missing. Anyway, long story short, owner doesn't care just wants out. He has homeowners insurance, but can't/won't pay the $2000 deductible on a $6000 claim. Is it possible for me to pay the deductible and collect?

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