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Old 04-14-2015, 08:17 AM   #12
Backup Goalie
Join Date: Dec 2013

Originally Posted by mrkajz44 View Post
Okay, I understand that I am liable for the mortgage, that makes sense. But essentially, I am paying an insurance premium to protect someone else (the investor). I know of no other insurance where I am paying a premium and then not getting any coverage in return. I think its just a backwards way to do things.
lots of insurance works this way. Car insurance can be had with liability only for the protection of others not you. General contractors get insurance to protect those they do work for if they mess something up. Nobody is forcing you to buy a home with less than %20 down.
lorenavedon is offline   Reply With Quote