Nick G.
Insurance Co obligations after 2 undiagnosed fires
I had an attic fire this April in a rental property (NJ) I own. The insurance company investigators determined a specific electrical cause (and were starting to subbrogate) of the fire. Right at the completion of rep...
Andrew Kniffin
Am I obligated to buy Owner's Title Insurance in WA
Hello all-I am buying a personal residence in Seattle, Washington this week. I received my HUD form on Friday. The HUD defaulted to include a ~$1,940 Owner's Title Insurance policy. I told my agent that I would ra...
Ross McKenzie
BC Canada Seller Obligated to Give Buying Home Warranty Insurance
RE: HOME WARRANTY PROTECTION provided by seller required by law. Little known risk is BC Canada: Sellers are obliged to provide buyer with "Home Warranty Protection" Insurance when if they have performed a significan...
Sandy Uhlmann
Daniel Bryant
insurance broker requests new policy # prior to termination
Good evening, I own a commercial property in NYC and recently sent a cancelation request to my insurance broker since I found a more affordable agent/plan.He replied by asking me to sign a termination notice (understa...
Peter Walther
No coverage for matters created by the insured
Here's a repost of a comment on a recent Florida title insurance coverage matter.Salas v. Commonwealth Land Title Ins. Co, 2022 WL 1630988 (N.D. Fla. Apr. 5, 2022): Salas bought a lot from a developer in a Florida sub...
Ayen Lee
Rental property under LLC,do I have to inform the Mortgage Comp?
Hi there!I have a rental property in Las Vegas that is under LLC (newly formed LLC), Am I obligated to inform the Mortgage company about this? Thanks!
Derek Olmschenk
Financing a LLC in Minnesota
Hello BP community! I am just starting out my real estate investing journey and need help with recommendations for financing. My plan is to use a LLC to own a rental property. From my understanding (and please correct...
Leen Sha
Auto insurance policy might not be enough
A friend of mine had a car accident almost 3 of years ago...she was found at fault....(state of limitation is not passed yet) there is no lawsuit filed against her until this time... she only had WA state min. liabili...
Nick Tiscareno
Question about a Purchase and Sale Contract
Was up bp,Found a house for sale by owner off Craigslist, that I'm about to put under contract. "EXISTING MORTGAGE (S): Existing financing on subject property will be current in all payments of principal, interest, ...