Originally posted by SwissKiwi
View Post
Also note that it was the owner in occupation, not a tenant.
I normally use a broker, but I did some ringing around myself too. No one wanted to know as soon as I said it was a mortgagee sale.
Maybe I didn't find the right insurance people but looking at it from their side would you want to insure against the likelihood of an aggrieved owner being chucked out of their property? Just too risky for most insurance companies I guess.
Perhaps more experienced people reading this can say if they've managed to get insurance covering all eventualites when buying a mortgagee property.
David
Comment