Lease option and DOS - Posted by Robert (ID)

Posted by William Bronchick on December 20, 2000 at 17:53:08:

As explained in my Lease/Options Course . . .

You get the seller to execute a “performance” mortgage to secure the option. This will place you as a lien holder on the property, which, among other things, gives you an insurable position.

Courts have been split as to whether an option by itself is an insurable interest in the property.

Lease option and DOS - Posted by Robert (ID)

Posted by Robert (ID) on December 20, 2000 at 11:51:34:

: Will someone please walk me through changing sellers insurance to rental without triggering the DOS.

: I have a L/O deal but need to explain the insurance and how a Trust will help prevent the DOS.

: Thanks,

: Robert