Some Dwelling Policies and Tenant Policies will have coverages for this circumstance.

Learn to identify the type of transaction that will be applicable to the property, to the needs of the seller, to the circumstances, when you can do that you can make a deal out of almost any property that is for sale.

I'm pretty conservative about risk, but might consider it if the circumstances were right.

Should I also be responsible for paying for a motel room or alternate housing given the circumstances?

Hi Brandon,Without knowing your exact circumstances I wouldn't be surprised if this is legit.

I have a friend who has used that product to buy an owner-occupied home, then used it to buy another when their circumstances changed, and rented out the old one..

In many cases the old saying as to "the letter of the law" or "the agreement" isn't the case in reality, it's the intent and circumstances weighed in light of what is black and white in business dealings.As a servicer of installment contracts I have had many initial threats to accelerate a mortgage to maturity.

(If it's high because it has aluminum wiring or fuses instead of circuit breakers, different story.)Under those circumstances, I would think that it's reasonable to go without property insurance.

Derek W.It also comes down to circumstances there is a real world example.

My mom can be pretty lenient at times depending on the resident's financial circumstance at that time, but she always makes sure that she is firm in the need for the resident to have the rent money ready as close to the due date as possible.