Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

Seller financing addendum question
I am a buyer, in my seller financing addendum it states I have to purchase casualty insurance and place seller as the mortgagee loss payee. Is casualty ins home warrenty or homeowners? And what does designating the seller as mortgagee loss payee mean? Appreciate any help you can provide.