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Insurance when you own the 2nd...

Posted by Alfred, Trainee on February 03, 2002 at 7:27 AM

Ward,
Re: the possibility of getting the property at my TTEE sale on my 2nd position note due to no other bidders... do I get any protection from the fact that hazard insurance is being taken care of by the 1st, or should I ignore that and get my own hazard insurance as protection until the house is rehabbed, sold and out of my ownership? Thanks in advance.


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