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Who insures a rental after Sheriff Sale

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    Who insures a rental after Sheriff Sale

    Quick question, I have a rental that will be going to Sheriff Sale 1/31/08. The lender called me and said they just sent my insurance company a check for $970 for insurance. If the Sheriff Sale takes place, where does that $$$ go?

    I guess what I am asking, would the house be insured through my insurance or the lenders insurance following a Sheriff Sale.
    Filed: 01/23/08
    341 Meeting: 02/29/08
    Discharged: 04/30/08
    Closed: 05/12/08

    #2
    The owner should supply insurance. If the current coverage is provided by you, then you will need to notify the ins company to cancel your policy and issue a refund. However, if you have renters there, I'd make sure the buyer has policy in force before cancelling.

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      #3
      There are no renters - pretty much vacant. So you're saying the owner of the Sheriff Sale right? I guess I was confusing the part of the 6 month redemption meaning I have to keep it insured during the Sheriff Sale AND 6 months because of the redemption period.

      But you're saying after the Sheriff Sale I am free - n - clear?
      Filed: 01/23/08
      341 Meeting: 02/29/08
      Discharged: 04/30/08
      Closed: 05/12/08

      Comment

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