QUESTION
what are the rights of a person buys a house contract for deed when the deed and insurance policies are still in deed holders name?
Asked on Aug 13th, 2013 on Contracts - Nevada
More details to this question:
contractors are responsible for insurance payments, but are not receiving money paid for claims?
1 ANSWER
R. Christopher Reade
It is not uncommon in a Contract for Deed for the Seller to retain the insurable interest in the Subject Property and to be the loss-payee. I am uncertain as to your reference regarding the involvement of contractors and payments of premiums.
Answered on Aug 13th, 2013 at 5:29 PM