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May 25, 2024
8:14:24am
Yes Contributor
Mind numbing real estate question for the pros.
I am selling my home. I am seller financing it while keeping my low rate mortgage in place. Do we need 2 insurance policies on the home?
One to keep my lender happy that I pay for and one that the buyers pay for? My concern is that the 2 companies would fight and point fingers and nobody would pay a claim.. anyway to wrap it into one without tipping the bank upside down and calling the note?
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Yes
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