Updated over 2 years ago on . Most recent reply
Hazard insurance and sub 2 transaction
Recently closed on a sub 2 deal. What's the best way to ensure I am protected by hazard insurance without bringing transaction unwanted attention by the mortgage company.
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Curt Smith
#5 Mobile Home Park Investing Contributor
#5 Mobile Home Park Investing Contributor
- Rental Property Investor
- Clarkston, GA
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Curt Smith#5 Mobile Home Park Investing Contributor
#5 Mobile Home Park Investing Contributor
- Rental Property Investor
- Clarkston, GA
The borrower MUST be kept on the new policy, adding your name/llc. You must cancel the occupant/owners policy and replace with your landlord/rental policy.
PLEASE connect/PM me for my free sub to training doc with all needed doc examples needed to properly manage the lender/ ins etc post closing. IE You need a POA power of attorney etc etc.
Good luck, curt