Can anyone refer an insurance company that is knowledgeable with how Sub-To acquisitions work and how the insurance policy needs to be created?
How do I deal with claims (example roof) where the first named insured (Buyer), lien holder 1, lien holder 2, My LLC, and the Seller are on a claims check? I have heard to mail the check to LH 1 first for endorsement, and then with my power of attorney from the Buyer go to the bank with the Seller where we both endorse the check and then I can disperse funds to the Buyer.
I know that by law I cannot make my Buyer go with a certain insurance carrier, but I can "suggest" and offer the needed policy on my addendum during the sale of the home.
Try Larry Ingalls, He has an office off of county road 210 and you can Google his contact information