When Carrying Real Estate paper insist on property insurance

The risk to an investor would have been to great and to find a buyer without the proper coverage would have been very difficult. If the home was destroyed and the payor walked away what would be left to foreclose on? This story ends well, Texas Note was able to work with the payor and their insurance agent to increase the amount of the policy to the required level of K at a cost increase of just a dollar a day to note payor. Additionally, we amended the Deed of Trust to include the clause that the proper amount of property insurance must be maintained each year. Then the deal was closed and the note seller received a lump sum of cash.

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Robert E Young –
About the Author:

Robert E Young is a real estate investor who specializes in Seller Financing Techniques and strategies. Robert is an expert and can help you with identifying the options you have with your real estate note. Whether you need