Question about Buying A House Before A Hurricane

[Dana Walker]

I've always wondered this and now seems like a good time to ask.  Lets say you buy a property right before a hurricane.  I realize that there is a cut off time for new purchases before a storm but if let's say you get in before that, close the deal, but the hurricane destroys the property before the deed and mortgage get recorded in the public records, then who is on the hood for the damage?

[Sebastian Wernicke]

At this point we don't even know if Irma will hit us directly. So we have to wait and then re evaluate numbers after everything has cleared. The seller has the property fully covered, so if it is damaged, i'll have to let it go and the insurance company will pay the seller. Too many 'if's' for the moment. But if I end up buying this property, it will be to fix and flip right away, even with higher construction costs. I guess that even in the best case scenario, there will be many families in search of a new home after Irma, because even if it doesn't hit us (and I pray and hope it doesn't) it got people scared enough that they might look for a home that's more secure for the future. And I will provide it. Stay safe everyone! God bless and protect us all!