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DJILLB

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  1. It has been a 3 ring circus with a place that rhymes with base. <.< Been customers for years.. two personal accounts, biz account and a car loan. *shrugs*. TY for your thoughts. Seller is not wanting to wait on us to get a different lender.
  2. I’m days away from closing on a condo In Galveston Texas with my bank. Last minute.. they say condo HOA flood/hazard is under insured by 1.3M. Told I have to get some kind of additional GAP insurance for $36K to get the deal done. 3 other units have closed there this year and did not have this issue at all. When I called my insurance agent to see what that would cost us... she said she never heard of such, wouldn’t even know how or if they could write such a policy, and that they hold policies for other residents in the same building and never had this happen. The HOA said they have never seen this and they all live or own there, both realtors say the same thing. The insurance for the HOA just took over in November and did not write the original policy... therefore lacking the cost estimator that Chase wants. Insurance co will have everything the bank wants in November. I asked if some kind of exception can be made until the HOA renews it’s policy in November. Was told no. I have no idea what to do. Asked for them to share their statistics/data/calculations used to come up with 1.3M shortage.... crickets. Any ideas on how to resolve this? Thank you you for your time.
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