Insurance companies go by the numbers, claims , and statistics to determine the risk in underwriting policies.

I also thought about approaching the current owners with a Quit Claim Deed.

However, I do not believe that many of these folks pitching their program have the purchaser's best interest at hear.I am sure you are familiar with a book known as "Rich Dad Poor Dad" by Robert Kiosaki, It was such an inspiration to read, I figured I would attend an seminar hosted by them....Long story short, they had the most slick sales guy I have ever met pitching their product, They wanted some where in the ball park of $12 grand to $25 grand for their support and education.ermmm no go.I highly believe that if you are an assistant to someone who is successful and you model their success it will be 10 fold more beneficial for you to learn hands on, rather than from some grease ball who takes folks retirement money for teaching them basics about a business model that (possibly) worked in some other part of the country.There are a lot of folks out there who are hungry for how to make it, and there are equally enough people claiming to have the secret sauce for sale for just that.Be careful with you hard earned dollars, and GOOD LUCK!!!!

Although we did get hammered with Hail last summer and I had to replace roofs but that was an insurance claim and an act from on high.

, they would bang on the ceiling of the upstairs tenant when he came home from work late, they would curse at us all when they saw us outside (despite their claims of being good Christians), complained about hearing the TVs, and on and on.

Well IMO, this lender has no claim to anything if thats the case, but perhaps he's in a tight spot financially.  

Getting insurance is very important, but let's imagine that you have $1mm of insurance on a property and someone is injured on the property and wins a claim for $2mm.  

A court order to appear in small claims court for the bill, plus later fees, plus court fees.  

You are free to deed  your property to whomever you choose, subject to your spouse's right to claim a certain share after your passing.

Appears that only the owners of the property or those that are owed money are able to claim an of the excess funds after tax sale.