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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Good Question Posted by Tom on March 25, 2008 at 4:26 PM In Reply to: Insuring home after Trustee Sale posted by Badhabits on March 25, 2008 at 12:50 AM I'd get it when you give the trustee the balance of funds due. If your ins agent asks for proof of ownerships, I'd show the receipt and any other documentation from the auction and tell them that you're waiting for the deed. If the house is in a subdivision/town, I wouldn't worry if the house is in a decent neighborhood. Generally houses which are remote are more apt to be torched by the owners because they is less chance of witnesses. I could tell several war stories about arsons & demolitions, but have never experienced or heard of a arson by a former owner after the foreclosure. There have been instances of neighborhood kids, druggies, or squatters accidently or purposely setting fire to vacant houses. I've been in a few of them. What these houses had in common is that they were in rougher neighborhoods and/or not in a traditional row of houses where entrance could be easily observed. Funny how the suspects would desire this type of house. Secure it promptly and properly. Equally important once you rehab as thieves like new appliances and materials. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I'd get it when you give the trustee the balance of funds due. If your ins agent asks for proof of ownerships, I'd show the receipt and any other documentation from the auction and tell them that you're waiting for the deed. If the house is in a subdivision/town, I wouldn't worry if the house is in a decent neighborhood. Generally houses which are remote are more apt to be torched by the owners because they is less chance of witnesses. I could tell several war stories about arsons & demolitions, but have never experienced or heard of a arson by a former owner after the foreclosure. There have been instances of neighborhood kids, druggies, or squatters accidently or purposely setting fire to vacant houses. I've been in a few of them. What these houses had in common is that they were in rougher neighborhoods and/or not in a traditional row of houses where entrance could be easily observed. Funny how the suspects would desire this type of house. Secure it promptly and properly. Equally important once you rehab as thieves like new appliances and materials. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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