.- Also, most of their policies have this little-known clause that states if the property is vacant for more than 30-days, they can decline any claims!

Unfortunately, they can't deliver and their claim of $100k to $200k is worthless.

Can the utility bills under an individual name be claimed as a business expense?

However, there may be no equity after settlement of secured and unsecured creditor claims.

I have seen this done before on larger deals ($5M+) and in my medical opinion, even if it's legal, it often isn't honest. :-)The entire reason to provide a proof of funds to a seller is to credibly and authentically demonstrate your intrinsic ability to perform the financial obligations of the contract.

But in the real world, you’ll probably want better coverage — including the often-overlooked Tenant Discrimination Claims Rider, which protects you against Fair Housing claims that most basic landlord policies don’t cover.3.

Selling before that date would still allow you to claim the exclusion.Just keep in mind that the time it was used as a rental is considered non-qualified use, so you’ll owe tax on the depreciation taken (or that could have been taken) during the rental period.

If your coverage falls below that threshold, the insurance company may only pay a portion of the claim, even for partial losses.

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Taking real estate advice form a divorce attorney is like taking medical advice from a horse doctor.Does the Bar know you are giving real estate advice on a forum?