Who Pays for The Fire Insurance

Who pays for the fire insurance when a property is being marketed as a short sale. The seller does not want to pay for it since he will not benefit in any way if there is a loss. Any proceeds would only be paid to the mortgagee in all probability.

What happens if the seller refuses to pay?

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Permalink Reply by Kathleen Lordbock on May 31, 2010 at 3:41am

I have a SS seller who has now dropped their homeowners policy so would like input on this as well.

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