Morning, Ish. It's raining like anything here. One of those dark and stormy days that, if we were in Louisiana, I'd say it would rain all day. Being as how this is Northern Virginia, it could go either way. At any rate, perfect weather for a foreclosure sale, if you're hoping to buy, that is.
As soon as I heard the loud, rolling thunder and saw the lightning last night, I started tossing over possible scenarios in my mind that involved the house getting struck by lightning after I signed a contract to buy it. I am going to call my homeowner's insurance in a little while, and ask if we can take out some kind of rider on the house if we get the contract, even though I don't know if we actually have an insurable interest until we get the deed. Since we are obligated to put down 10%, and the house is sold without a warranty, seems to me that we might have an insurable interest as soon as the contract is signed. Already with the worries. A whole new set of worries. Maybe you know the answer to this?
Property has a couple of tax liens on it, too. I know the IRS lien has expired, but I am not telling anyone else that. We'll have to pay the property tax one, though. Forgot to check for mechanic's liens. Gotta do that. |
