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Updated over 2 years ago on . Most recent reply

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14
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19
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Paul Han
19
Votes |
14
Posts

can't get the insurance to close

Paul Han
Posted

**repost because I may have asked this in the wrong forum category**

I have two properties under contract sight unseen. After inspection was done out there we found some things that require repair, to the order of $5k so not that much. The insurance companies are requiring me to fix these issues in order to provide a policy that my lender requires to close.  But since we haven't closed yet I obviously dont own these properties.  Are there work arounds to get some sort of insurance policy that lender's will accept but allow me to repair after I close? thanks in advance!

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