Hello BP!I am working on closing my first duplex deal in Mount Clemens Michigan. The duplex is 2 - 3/1 units with a price of just over 100k. The loan I am using is an FHA loan with 3.5% down. I received the closing co...
Hello Fellow BPers.
Our normal hazard insurance company is no longer issuing insurance prior to meth remediation. They will after we get the CDPHE all clear. Does anyone know an insurer who will issue a policy while ...
this is laborious, im gathering quotes for 2 rentals, our primary, an auto policy and we want to add an umbrella. everyone has good prices on product A, terrible rates on product B, i try to cherry pick, then they say...
I was the winning bidder on a HOA foreclosure (2nd lien). Property has a 1st mortgage (also filed in forclosure). I received the certificate of title from the clerks office. Can I get (or need title) insurance ?
D...
So I found what I think is a great deal. It’s about 2 hours from me in the town I went to college in but not where I live locally. According to the agent I called, she said it has 4 1-bedroom apartments. It’s in downt...
I logged on to my local MLS today and noticed a new message with an attachment from the US Dept of Housing and Urban Development (HUD) that speaks (in general) about how almost 1/3 of the US population has a criminal ...
Fannie Mae and Freddie Mac are searching for methods to open homeownership to low income borrowers. (This is not for investors) There is a trend to use attorney opinion letters rather than title insurance. The title i...
If I own properties in my LLC, should these properties show my LLC as the primary insured? Is there any reason these should be insured by my personal name?My lender is requiring that my evidence of insurance show my ...
We recently closed on a 3-family home. So far so good, except that there is asbestos on the exterior of the house. It sounds like many insurance providers will not ensure a property with asbestos. Any suggestions? Wha...
Hello All and thanks for stopping by to help.I purchased a SFH in 2019 in Saratoga Springs, NY. I purchased a fee title insurance policy on the property. No issues arose regarding the title when we closed on the prope...