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Updated about 8 years ago on . Most recent reply

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MIke Hewitt
  • Residential Real Estate Broker
  • Spring, TX
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How do investors in Texas handle Subject 2 property insurance?

MIke Hewitt
  • Residential Real Estate Broker
  • Spring, TX
Posted

We are close to being ready to do our first Subject 2, in the Houston area.  

We have not been able to find a title company to close us. 

 StarTex said they didn't do them anymore. 

Does anyone know a title company? 

We also have not been successful in finding a property insurance company.  How do most investors handle the property insurance?  

Thank you so much for your info.

We are feeling discouraged. 

Kathy Hewitt 

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Greg H.
  • Broker/Flipper
  • Austin, TX
4,241
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied
Originally posted by @Account Closed:

Maybe with your insurance company they will.  My insurance company won't even know about the person on the note.  You are pompous my friend.

Not pompous at all. And.....I surely do not comment on topics I am not familiar with either. You might want to read up on a Sub2 transaction in Texas before you tell me it is a simple as a phone call to USAA. My recollection is they will not touch a Sub2. The lender will require the Seller(again... the person who is on the note) to be an insured party. Failure to do so can result in forced insurance and possibly exercising the due on sale clause contained in the Deed of trust

  • Greg H.
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