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May 25, 2024
8:23
:05
am
Jersey hunter
All-American
Since you’re the lender on one side it’s your choice. I would make the buyer
Pay for a policy to cover liability and other risks at a minimum.
Your bank is certainly not going to let you drop coverage
This message has been modified
Originally posted on May 25, 2024 at 8:23:05am
Message modified by Jersey hunter on May 25, 2024 at 8:24:17am
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Jersey hunter
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Jersey hunter
Joined
Mar 24, 2012
Last login
Jun 16, 2024
Total posts
7,125 (78 FO)
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Messages
Author
Time
Mind numbing real estate question for the pros.
Yes
May 25, 8:14am
Since you’re the lender on one side it’s your choice. I would make the buyer
Jersey hunter
May 25, 8:23am
Are you using a lawyer? I would have a lawyer review everything before I entered
cougarfann888
May 25, 8:35am
I agree with 888. Make sure it is a KNOWLEDGABLE real estate lawyer. Big probs.
grandpacoug
May 25, 8:41am
It’s not required, but the lender policy would protect you that an unknown lien
YbeatsU
May 25, 8:45am
Your agreement should specify the property and casualty required coverage
Acorn
May 25, 9:56am
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