Updated almost 19 years ago on .
Insurance issues when buying a property Subject To
Hi,
I have a signed "sub2" purchase contract. The 1st trust deed has impounds that include prop taxes and insurance. Clearly, I don't want the loans to get called by alerting the lenders to any change, but want to make sure that the property is covered, and that I am able to make a claim if something goes wrong.
How have you handled this?
Sincere thanks,
Brian