FAQ  |  Search  |  Memberlist  |  Usergroups   |  Register  |  Profile  |  Log in to check your private messages  |  Log in 

 Condo inusrance issue. Replacement cost View next topic
View previous topic



Post new topicReply to topic
Author Message
Sachcan9
Cherry Bomb


Joined: 02 Nov 2007
Posts: 161
Location: woodland hills

Condo inusrance issue. Replacement cost
PostPosted: Mon Mar 21, 2011 10:24 pm Reply with quoteBack to top

anyone know any lenders out there who will do a loan on a condo property in which the master inusrance policy for the HOA contains only 50% replacement cost (as opposed to the 100% required by most lenders)?
Thanks.
View user's profileSend private messageVisit poster's website
MakingIt
Nitroglycerin


Joined: 04 Dec 2007
Posts: 629

Re: Condo inusrance issue. Replacement cost
PostPosted: Tue Mar 22, 2011 12:58 pm Reply with quoteBack to top

No way.

But I believe your borrower can get "GAP" coverage to cover the other 50% and make it doable.
View user's profileSend private message
Display posts from previous:      
Post new topicReply to topic


 Jump to:   


Merge topics 

View next topic
View previous topic
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum




Powered by phpBB 2.0.22-2 (Debian) © 2001, 2002 phpBB Group :: FI Theme :: All times are GMT