Do I have to have homeowners insurance?
As a general rule, yes. If there is a mortgage on your home, normally the lender will demand that you buy, and keep holding, homeowners insurance for the whole duration of the loan period. The premium for paying for the insurance may be escrowed with your loan payment or […]
Is purchasing a house at the time of foreclosure similar to buying a house that has already been foreclosed upon?
No. There are two different types of home foreclosures purchases. The first is when the lender actually forecloses on the property. If you’re interested in purchase you can show up in court and bid on […]
As a person with a lot of experience in insurance I suggest that if you’re a real estate owner you should check your coverage each year in order to find out whether you have enough insurance to rebuild your house and replace your belongings if everything is lost in a fire or other unexpected event. […]
