@Gwen Fyfe they've had a "temporary freeze" on POS for about a year, but city reps still insist it will come back into play.

Actually, worse than worst case also happens.Pull out your documents for your HELOC and read thoroughly, paying particular attention to the part where they tell you they can freeze the line or call it. 

as it is getting very cold and could cause water pipes get freezes and burst.

That's when I remember he's not speaking to someone like me, as I have no need to freeze or cut my cards to not use them!

You have to bring your best offer right away,” he said.Conclusion - Toledo continues to recover, grab properties if you want them, get ready for the winter freeze when we get home owners out of the market so we can find some deals again and when you find those things, lock them down!

@Gregg Peters there are a lot of right answers to this question.Your best two options are 'stated value' or replacement cost coverage (I'll come back to this).You also want freeze and sewer/water backup coverage, which costs extra.  

Your PSA should have something saying you can assign your interest to an entity controlled by you (at least we do that in commercial).However, FHA/HUD/allgovt loans are notorious for having to have the exact paperwork (I swear they have people that freak out if something is not EXACT and will just freeze the whole process).

The plumbing issue that Julie is referring to happened during the deep freeze of 20 below temps for weeks in Indy, and pipes were bursting all over town. 

Because of the whole buying freeze, it looks like more and more people are getting desperate to sell, which will mean dramatic price drops.

In the middle of winter when it’s freezing cold outside they are not going outside.