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Insurance

Posted by matt on May 14, 2003 at 7:18 PM

Hi Ward
I'm having a tough time finding a company to provide homeowners insurance (in the SF Bay area) on a 'subject to' deal (since the loan is in the seller's name and the policy needs to be in my name). I called the guy you recommended, but they are no longer doing those types of policies. The payoff for the loan is about $95K and there's about $45k of profit in it for me. Any ideas from anyone? What about just paying off the loan? It would tie up my cash for a couple months, but save carrying costs and allow me to get a policy.

Thanks!


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