Foster Algier
Some good news about the FHA
FHA lowers borrowers’ mortgage insurance premiumsWASHINGTON – Jan. 9, 2017 – Lower costs are coming for homebuyers seeking a Federal Housing Administration-insured (FHA) mortgage.FHA announced that it's cutting annual...
James Albrecht
Invoking appraisal clause of homeowner policy
Has anyone requested an appraisal to resolve an insurance payment dispute on a claim? (IE: If your contractor's estimate to complete repairs far exceeds what the insurance adjuster approves and the insurer won't budg...
Jay Schwichtenberg
Can I resell a home that I buy with quit claim deed?
I notice that the banks are selling a lot of their property in auction with quit claim deed. I understand what quit claim is, but I'm not sure if I understand what the means for the title. For example, if I buy the pr...
Jason Hartman
Have you had any experience with National Real Estate Insurance Group (NREIG)/Affinity Group Management?
We like the idea that this company caters/markets to investors; however, they denied one of our client's seemingly legit claims and it seems they trying to deny another one on a technicality. The second claim remai...
Joe Delia
Actual Value or Replacement Cost?
I'm sure there are many topics on this throughout bigger pockets history, however, what are you doing TODAY, and why? What do you see as the pro's and con's of each policy?
This is assuming buy and hold but feel fre...
Mike C.
FSBO, Title Ins Optional For Owner?
Buying SFR FSBO. Below is text from a form from the title company (large, national) that states I will pay title insurance for lender coverage, but title insurance for owner is an option, and not necessarily the same ...
Nelson Del Castillo
Buying REO with insurble tittle to flip with hard money
Hi, I’m under contract to buy a reo to flip using hard money. My attorney just notified me that the contracts states that they will only convey insurable tittle. Is this common, would I be taking any risk doing this...
Jennifer Minge
storm, tree falls on car, who pays?
Big storm came through here the other night. A tree fell and landed on hood of tenant's car and knocked out the windshield. Some other dings on 2 other cars also. Tree was not a dead tree, it was a healthy tree that g...
Mark Risley
Buying a fire damaged property
Howdy All!I am fairly new to the BP community, but am eager to become an active member.Here is the situation....I am a licensed RE broker in the state of Colorado. I was chatting with my roofing guy (who owns a Fire, ...
Joseph D.
Coverage Amount - Value of Property or Amount of Mortgage
How much total coverage should I be buying on my rentals? These are SFRs - the insurance company seems to offer, as a default suggestion, the amount of the mortgage, not the total purchase price of the property. I'm...