Updated over 12 years ago on . Most recent reply
Paying Seller's Homeowner's Deductible
Anybody have any experience with his?
Here's the situation. I'm buying a personal home. It's a short sale. So I put made an offer and the offer's accepted by the bank. Later when I go through with the 203K consultant, A/C unit and furnace are missing. Anyway, long story short, owner doesn't care just wants out. He has homeowners insurance, but can't/won't pay the $2000 deductible on a $6000 claim. Is it possible for me to pay the deductible and collect?