Please ensure Javascript is enabled for purposes of website accessibility
Recent News
Home / All News / Vendor cancels land contract, but can collect fire insurance

Vendor cancels land contract, but can collect fire insurance

A contract for deed vendor may collect under a fire insurance policy after canceling the contract after a loss, the Court of Appeals has ruled.The value of the property had been reduced by the loss to less than the outstanding debt. Accordingly, the bank had not been fully compensated for its loss, said the ...

Leave a Reply