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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