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Foreclosure in Cicero : Real Estate Advice

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Activity 1
Sun Feb 26, 2012
Ron Thomas answered:
If the house has not been transferred to the Bank,
your Bank will require you to carry fire insurance on it. period.
If you do not have the proper insurance, the Bank will contract for it ON YOUR BEHALF and YOU will have to pay the premium.
As you can imagine; that premium will be more than you would have negotiated. Count on it!

Good luck and may God bless
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