Asked by zabbott, Philadelphia, PA • Mon Aug 1, 2011
I'm looking at a house with knob and tube wiring. It is my understanding that it's difficult (or impossible?) to get homeowners insurance with this outdated electric and that I cant get a mortgage without homeowners insurance. I've budgeted for the repairs in evaluating whether I can afford the house and would immediately make the improvements. How would I be able to purchase the house?
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