Its a contract of indemnification against actual loss suffered by the insured and frequently the insured doesn't understand the policy definition of actual loss under the policy and is surprised, and not in a good way, by what they are entitled to recover.In addition, the insurer has the right to cure the defect in a reasonable period of time and again, the insured may have a different opinion about how much time is reasonable than the insurer. 

The vultures are circling:https://www.investmentlossattorney.com/ponzi-schem...If you are have invested with Equitybuild or Equitybuild Finance, you may be able to pursue recovery of any losses that you may suffer through securities litigation.

I later went back to the property and the property suffered water damage causing the roof to cave-in.

For any insurance policy of any kind, the insured must have an insurable interest in the property, they must suffer a financial loss to receive any benefit.

., whose address isPO BOX 1234 COLORADO SPRINGS, CO 80949The grantor, by an agreement dated even herewith is indebted to the beneficiary in the sum of$[RETAIL VALUE – PURCHASE PRICE] Principal and interest are to be paid in such manner and at such place as designated in said obligation.In consideration of the obligation, grantor hereby grants, mortgages and coveys unto said Public Trustee all the real property together with all appurtenances and all the estate and rights of grantor in and to such premises described as[INSERT FULL LEGAL DESCRIPTION – OBTAIN FROM O/E REPORT-USE LEGAL ON CURRENT DEED]also known by street and address as [PROPERTY ADDRESS]The grantor covenants that at the time of this Deed of Trust, he is seized of the property in fee simple, and that said property is free of encumbrances, except the existing 1st mortgage/deed of trust.If grantor satisfies the obligations secured by this Deed of Trust, pays all taxes and assessments, maintains insurance against fire and other hazards, and does not suffer or commit waste on the premises, then this Deed of Trust shall be void.It is agreed that in case of default in payment of said principal or interest or a breach of any covenant herein, then said principal sum secured hereby and interest thereon may, at the option of the beneficiary, be declared due at payable at once.

If the situation was reversed, you would want you name off the loan ASAP.Your post reads like "I don't want to suffer (a higher rate) so I'll make her suffer (diluted credit and higher risk). 

The property requires a lot of work since it suffered a major fire.

I know people can suffer from paralysis from analysis, but when i look at the rapid extreme variability in all of these factors, my gut tells me unless you have mostly cash, then it may be prudent to sit tight on the idea of getting into the first one.

I made one move in Memphis but it is short sale - so you all know the sufferings of short sale :) Here again I will recommend everyone to read @Jeremiah B.

Only problem is, as I mentioned, that you really haven't suffered any damages other than some nominal costs, maybe, so the result in court may be that you hand back over the deed and they give you your money back, but that may not be the best end result for you.