Submitted by kingintheyunk t3_10l9f7u in philadelphia
atheken t1_j5y9yd5 wrote
Reply to comment by loctastic in For anyone looking to buy a house in West Philly... by kingintheyunk
As far as I know, you can’t get a mortgage if you can’t get insurance.
The insurance company has a lot of data about geographic issues that could generate a claim (such as a pocket of housing built over a creek).
The OP story sounds scary, but they caught the issue, and there are so many different gates you have to go through when buying a house with a mortgage that I think these types of horror stories are the exception, not the rule.
Viewing a single comment thread. View all comments