Insurance
Posted: Fri May 20, 2005 6:27 pm
I have recently obtained a loan with a local bank for a mobile home, two car garage, and land. The closing for the loan is within two weeks and I now find my insurance company can not write me a policy for sixty thousand, the amount of my bank loan, as the mobile home does not show a value of such. I paid eighty thousand with a twenty-five percent down payment and must show proof of insurance for remainder of the loan. The appraisal was above the asking amount and I thought I was okay. Where do I go from here ? Anyone have this problem before ? I'm just totally green at this !!