Profile picture for Oscar Mendez

we put a bid on a home, the bid was accepted in April 2012 and we signed the purchase agreement. We

  • July 29 2012 - Huron Township
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Answers (7)

Profile picture for Ofe Polack
Lenders require that the property you buy be insured, so yes you need to purchase home owners insurance prior to closing and send proof to your title company.
  • July 30 2012
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Profile picture for Oscar Mendez
Does a home owned by Fannie Mae require home owners insurance?
  • July 30 2012
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Profile picture for CjTriv
Congrats on an accepted bid.  Hoe else can we help?
  • July 30 2012
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Profile picture for Ofe Polack
Thought incomplete, Oscar.  Try again!
  • July 30 2012
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Profile picture for Pam Bava
It does sound like a short sale which can take months to get an answer from the bank.  You do not have a deal until all parties have agreed on terms and have signed the PA.   I have to assume you are working with a Realtor who can advise you further. 
Good luck
  • July 30 2012
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Was it a bank owned home or a short sale. I am guessing a short sale and you have not heard anything from the bank yet. All to common and if the offer was not a strong one you may never hear anything as they ignore the offer.
  • July 30 2012
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please finish question.
  • July 30 2012
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