Re: Help-subject to deal… - Posted by Terry (Houston)
Posted by Terry (Houston) on February 06, 2002 at 02:01:37:
I don’t want to go into the whole insurance thing for subject to again, it has been beaten to death on this board, but the ex-wife needs to understand that as soon as she moves out the policy could be deemed no good.
The reason being is that the owner is no longer living there. Unless it is a non-owner occupied policy they may deny a claim. That might wake her up a little.
Also at the closing get the coupon book or have the monthly payments sent to you via a change of address.
I don’t send them anything unless I need to make up back payments, the change of address works fine for me.
Get a copy of the survey from when they closed.
You might get a copy of the deed and the mortgage or deed of trust and promissory note to make sure you understand the terms well.
Information pertaining to the home owners association and all the right contacts for utilities etc…
One other thing is to be sure and get a copy of their drivers licence and social security cards if possible. If not, at leaste get the numbers. Tell them it is part of the ID requirement for the notary. You don’t want the ex to come back and say they did not sign anything. The SS# is a must to have as is a date of birth.
Any codes to the alarms or the garage doors etc…
And codes or passwords they used for online access for the mortgage company.
Hope that helps a little.