is there any way your insurance company or lender can help with foundation problem u only been in less than 5 months

Propertyqube.com - Your PropertyLife, Your Connections.

Feedback

Home

Categories

	All Categories
	General Questions
	Rent vs. Buy
	Finances
	Market Conditions
	Which type of property is for me
	Landscaping
	Finding an agent
	Home Buying
	Home Selling
	Home Improvement
	Green Living

Subscribe to Conversations through Email!

Stay on top of recent questions and answers by subscribing to email alerts.

All Categories > General Questions

is there any way your insurance company or lender can help with foundation problem u only been in less than 5 months

Karen Smith
Home Owner
clinton, MS

2 responses | Replies

Flag Question | Posted: Sep 21, 2008 at 10:51 PM | Login To Subscribe

Melanie Wilkinson
Real Estate Agent
Picayune, MS

If you purchased Homeowner Title Insurance, then maybe that company can help you if the policy covers the foundation. However, this is not to be confused with regular Title Insurance, that type of insurance is really only for the lender not the homeowner.

Aug 28, 2009 at 4:10 PM | Flag

Flag Answer As...

Gene Dexter
Real Estate Agent
Seattle, WA

Unfortunately the lender has nothing to do with your ordeal at this time. I would certainly contact your insurance company, providing them with all documents pertaining to the sale including disclosure statements by seller. You may also have something we call "implied warranty".

If the problem is expensive(all foundation issues are expensive!), I would contact a real estate attorney immediately with the goal of resolving this amicably but firmly with seller of the home.

Oct 1, 2008 at 3:11 AM | Flag

Flag Answer As...