Policy here says not to post URLs.John Corey

It's a stupid policy because you're supposed to insure it appropriately and the best FMV estimate may be the appraised value.

And to answer an earlier question, if the LLC members were identical to the individual owners, there would be no need for a new title insurance policy.

Assume that the same GP was made in all 3 cases.On the $100K house the buyer calls a lender, gets his loan, you pay your end of closing costs and legals, provide him with a title policy, repair the things that the inspector found and pocket whatever's left.On the $25K houses, there will be no bank involved.

Here yes, all employers are required to carry worker's comp insurance and pay a percentage of total wages paid as our policy premium.

It is a subject-to deal with the 1st mortgage remaining in place (by definition you might say).They title commitment just lists the existing 1st as an exception to the policy.If a title company will not issue a policy with an exception then maybe they have other concerns about the deal, the title and the overall process.

You get a title policy with similar exceptions.

Keep his life insurance policies current and put them into a life insurance trust for the benefit of her and her children.

The aim of this and the following articles is to help you understand, in layman's terms, how the process works and how you too can learn to use it successfully.If you ask most people, you will find that very few of them even know that this form of investment exists.

Go to your local courthouse/government offices and find out what the policy is in your area.Good Luck,Mike