Regardless of who you use for the insurance, be sure to review the condo declarations and bylaws with them to determine what the association needs to cover and what the unit owners are responsible for.

The issue I have is that the section 8 office takes a few weeks after leases are signed to issue the contract and declare the tenant's vs th PHA share. 

If you have a credit card, and cannot afford to pay your bills you declare bankruptcy.  

Over all, it depends on multiple dynamics and variables far far far beyond you declaring free and clear is best.

When the “guru” fails to disclose past bankruptcy’s, lawsuits, AG actions, and cease and desist orders filed against him or his companies 5.

They really don’t care about you.Alternatively, if the handwriting is not already on the wall, you can try to placate them piecemeal, but this may never end.We have an Anti-Money Laundering Declaration in our loan documents and so should you.

I believe he filed for bankruptcy in 1986.He was over-leveraged, but the bigger reason is that the bank called his loans due in 90 days.

...if you have hundreds of thousands or millions in reserve, it might not be an issue  ...but if you only have a few thousand, it will be a major problem.Now, having said all that, there definitely are scenarios where a structural issue is an easy, relatively cheap fix. ...and, there are some examples of settlement that can be ignored--for instance, minor settlement on a 100 year old house is fairly common, and might not affect the structural integrity of the house.But, again (assuming that you're not a structural engineer), you don't know what you don't know--it could be five hundred bucks and a weekend of work, or it could be a hundred thousand dollars, a year of your life, eight months of vacancy, and ultimately bankruptcy. 

Your friend's interest in the property / partnership is part of his bankruptcy estate. 

If the Grantor is refusing, the other option may be a declaratory judgment action which asks the court to declare the deed valid.If you elect to take the deal to another title company you may want to disclose to them the issue you're having.