If you have a valid contract and he sells it to someone else you would, most likely, have a legal claim against him.

If the insurance is not escrowed with payments, just cancel the old, and get a new, as described above.As long as the asset/colllateral for the mortgage is insured, the lender is protected, they don't care what company you use, or who holds the title, especially if its in a trust.As long as the house is insured, payments are current, you'll have no issues.Sadly, many people THINK changing insurance causes issues with the lender and the title change.However, after YEARS of subject to investing myself, as well as thousands of discussions about this method, I have yet to have a single person back up that claim with proof.Besides, bottom line, at the moment, lenders have other issues more pressing than messing with a PERFORMING account/loan.When you get new insurance, make sure its fire and hazard, and includes liability, rental dwelling/non-owner occupied.

It is pretty easy, and if you have any problems, their customer service is great.

If nothing is built there, you and any other investors, will end up with a claim on an incomplete property that's worth well less than the sum of your investments, and would require either being sold at a fire sale price or more money to complete.If it does get finished, what do you end up with?

Does anyone know if you can quit claim the property into your LLC if it was originally bought in your name, and not have this loan count toward the 4 mortgage rule?

When a claim of "no seasoning" is made, we really need the name of the lender.

I was driving along and saw an FSBO sign, called it and got a guy who's also an investor/wholesaler but, in contrast to the other 2 guys, deals in more high end stuff and in higher volume. claims he deals with 60 houses at a time sometimes.

Suddenly I was slapped with a divorce and an alimony claim.

If you want to customize your card you can ad photos also.

Based on the policies I've worked with, a child leaving a bathtub overflowing should have been an insurable cause of lause and I've always seen mitigation covered as part of the insurance claim.