SUBJECT TO PURCHASE - WHAT HAPPENS TO HOME INSURANCE?

[Michael Cortez]

Hi all,

There's a property I'm looking at in Florida that has been on the MLS for just about 90 days. I briefly spoke to seller and got her motivation and some facts about the property. I would like to pitch a sub to deal but not clear what happens to the home insurance portion. I know that once it changes hands the lender gets notified and can proceed with the due on sale clause. It would be a hybrid deal if the seller agrees because she has some equity. Her mortgage payment PITI is about $500 a month and I can rent it for at least $1600. So how would I avoid the due on sale with the home insurance portion? An executory contract?

Thanks!