The roof is fine. Nothing is wrong with it and it was over built on marine grade plywood, so during the hurricane trees just bounced off of it, while the other roofs in the neighborhood caved in. First, our homeowners' insurance cancelled us without any notice for "debris in the yard"... 🧵
During a time when the county dump was closed due to being overwhelmed by debris. That was after 4 truckloads of debris had already been removed by my contractor, and the remaining debris was in 3 neat piles, ready to go when the dump reopened, our yard was neater than any neighbors.🧵
Because we were cancelled, the new insurance policy was 4 times more expensive, when we signed up with a new insurance company. That company cancelled the policy without notice, saying our roof was last replaced in the year 2000. It was replaced in 2012, but we don't have a receipt because 🧵
We bought the house in 2016, when the new roof was a big selling point. Because we have now been cancelled twice no one else will cover us at any price, even if we replace the roof, which doesn't need to be replaced.... 🧵
We have a construction engineer who is a registered Building Inspector checking the roof this afternoon. Maybe his report and letter will help us, but I understand that as a client with two cancellations, we are now marked as irresponsible and may remain uninsurable. 🧵
It might be possible to quit claim the house to a friend, who becomes the new owner for the purpose of attaining insurance, with a rent-to-own contract with us, so we can stay and continue paying the bills, otherwise we have to be out in 45 days from Tuesday.
Sounds like a really smart idea.
The ideal person would be able to qualify for a $108k home loan. Real estate debt is usually good for a credit rating, and $108k is pretty cheap for adding real estate to a portfolio.
Sounds like a great a way to survive this, if you can only find a trustworthy person & lock it down with a lease to own contract. I really hope you find someone to do this.
Me too! Mr Marty and I are both asking our brothers. My brother was pretty tied up with college expenses for his grandkids last we talked about money. He would be ideal.
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