There was a momentary flattening in March and April, but good homes are flying off the market within days now.Foreclosures are currently in moratorium so we'll see what happens when that bubble bursts, but in the meantime, if you find a good deal, go after it or someone else will. 

This post is share my personal thoughts on a common question I received from so many experienced and novice investors for the past few months.This is a very scary time but I think it's a momentary pause.

If your extra addendum is worded oddly, it may be best to run it by them to see their thoughts.If your issue were just with the inspection, them not saying anything and letting the inspection contingency lapse means they can no longer exit based on inspection period.

I let my license lapse as well and was thinking of reinstating it to use for flips.

@Nicole HeasleyI let my mortgage broker licenses lapse when I got out of the industry like 14 years ago... so... forgive me if i forget somethings...lol..The appraiser... i did hear that ... brokers / realtors can not choose the appraiser anymore.... that sux.. 

I let my mortgage broker licenses lapse and got out of the industry like 13 years ago so...Anyway, if used to bridge a gap in financing for 1 month, the reward may be worth the risk of "subject to", but if an investor is unsure if they will be able to come up with the payoff, or get financing swiftly, they should not be looking at that "deal".  

That way you are covered and should the policy lapse you will be sent a notice by the insurer.The dogs and breed need to be listed in the policy, not all companies will cover a 'pit bull'. 

Check here: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advanceNotice: Lapse in AppropriationsSBA is unable to accept new applications at this time for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding.Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.I applied for the 10k grant EIDL.

I'm having a lapse in memory this morning, so I am reaching out with a simple question;   How should I best approach this scenario?

Sure, you can just buy a new insurance policy in the name of the LLC, but: 1) It will cost more, and 2) Now Kevin Abrams let his insurance lapse in violation of his mortgage.