In a nutshell, you could buy the property and start making repairs and the owner can sue you and claim the property was not legally abandoned, just vacant and in bad shape.

Most of them suck and have 8 million exclusions, not to mention few of them are meant for commercial use meaning as soon as they find out it's a rental they'll disallow the claim. 

I'm sorry you had a rough experience with our property management division but your attacks against me are not valid and they are empty claims.

. * Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)* Don't allow for your own independent property inspection* Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use      unrealistically low vacancy factors)* Require you to pay for any renovation upfront* Sell only in cheap. low end neighborhoods* Don't accurately represent the neighborhood/property classification* Don't have consistent rehab standards for all properties* Don't provide a scope of work for the property* Can't provide references of repeat investors* Require you to close before a tenant is in place

Is there an exclusion that ends up with no coverage for the claim?

Might be time to sync up with an attorney and discuss options as I am assuming this is well beyond the scope of small claims court.  

Both lenders claim these are Fannie/Freddie guidelines and not the result of the an overlay.

Consultants, inspectors, and mentorsProperty managersAssistantsBookkeepers, accountants, and attorneysLandlords if you rent your office spaceYour business partners if you paid them (except if they were strictly lenders)Disclaimer about wholesalers: it is a controversial issue, with some of my colleagues claiming that wholesalers do not need 1099s.

It's unrealistic and she's got the typical poor-person mindset that she loves New York and she loves her cat and she loves her dog and she just has to stay there...which is why she will always remain poor.You want to help her?

Also could be exclusion for claims related to development work.