Insurance killed the deal ! Maybe not? - Posted by D.Henderson
Posted by D.Henderson on March 27, 1999 at 21:23:56:
Hello to everyone and thanks before hand.
Put an offer on a nice “grandma” house (I love these houses, the’re usually in great shape) 4/1 1/2/1, siding, good flooring, hookups, nice lawn, trees, bedrooms on the small size but great house. Daughter owns home but lives out of state, great right?
Send my insurance man over and he won’t write the house because of a new rule in Texas about muliple layers on the roof. No insurance no loan. Have already been approved, investor furnishes down, closing, etc.
Checked with other insurances in area, same thing
House comps 30-35k
owner now asking 29,500 I offer 24k.