When it comes to buying a home, there are a lot of moving parts that need to come together in order to finalize the purchase. One of those pieces is insurance, and it’s important to understand how insurance payments are handled at home closings.

Typically, when you buy a home, you will need to purchase two different types of insurance: homeowners insurance and title insurance. Homeowners insurance protects your property and belongings in case of damage or loss, while title insurance protects you against any potential legal issues with the ownership of your property.

So, how are these insurance payments handled at home closings? In most cases, your insurance payments will be included in your monthly mortgage payments. This means that your lender will collect the insurance payments from you and then pay the insurance company directly.

However, there are some cases where you may need to pay your insurance premiums directly to the insurance company. For example, if you’re paying cash for your home, you’ll need to set up your own insurance policies and pay the premiums directly.

It’s important to note that you’ll typically need to have proof of insurance before you can close on your home. This means that you’ll need to have your policies in place and your premiums paid up to date before you can finalize the purchase.

In some cases, you may also need to provide proof of insurance for the previous owners of the property. This is typically the case if you’re buying a home that’s been recently renovated or if there have been any major repairs or improvements made to the property.

Overall, understanding how insurance payments are handled at home closings is an important part of the home buying process. By working with your lender and insurance company, you can ensure that everything is in place and that your home is fully protected before you move in.

DEATH AND DIGNITY ACT ALLOWS TERMINALLY ILL TO DIE

What is going on with this World 🌎 and especially in America. Human Beings Can NOW Set The Time and Day To Die. Need to read this story about a man setting the time and day of his death in Seattle Washington. The Death with Dignity Act refers to legislation that allows terminally ill adults to receive prescribed medication to end their life in a humane and dignified manner under specific circumstances. How long do you have to live in New Jersey to qualify for Death with Dignity? The answer is six months. The Act defines “terminally ill” as “the terminal stage of an irreversibly fatal illness, disease, or condition with a prognosis, based upon reasonable medical certainty, of a life expectancy of six months or less.

Here are some key points about Death with Dignity laws:

Purpose:

• Provides mentally capable, terminally ill adults the option of requesting a doctor’s prescription for life-ending medication if they meet certain criteria.
• Intended to allow these individuals to die on their own terms with a peaceful death if suffering becomes unbearable.

Common Provisions:

• Patient must be an adult resident of the state with a terminal illness diagnosis of 6 months or less to live.
• Patient must be judged mentally capable and acting voluntarily by two doctors.
• There is typically a waiting period and multiple requests required.
• Doctors, healthcare providers, and institutions can opt out of participating.

States with Death with Dignity Laws:

• Oregon was the first state to pass a Death with Dignity Act in 1997.
• Other states that have since passed similar laws include Washington, Vermont, California, Colorado, Hawaii, New Jersey, and Washington D.C.

Arguments in Favor:

• Provides terminal patients autonomy and relief from suffering at the end of life.
• Death with dignity is a personal choice for mentally sound individuals.
• Laws have safeguards and requirements meant to prevent abuse or coercion.

Arguments Against:

• Devalues human life and could lead to coercing people to end their lives prematurely.
• Possibility of wrongful terminal diagnoses or lack of available treatment options.
• Concern that vulnerable groups like the poor or disabled may feel pressured to choose death.

Debate continues around expanding or restricting such laws based on ethical, moral, and legal considerations in different states and countries.

https://www.usatoday.com/story/news/nation/2019/08/26/robert-fuller-uses-death-dignity-act-has-party-marriage-first/2119189001/

• This discussion was modified 11 months, 1 week ago by  Gustan Cho.

usatoday.com

In the face of death, a marriage and the party of a lifetime

The day he picked to die, Robert Fuller had the party of a lifetime.

Illinois is losing taxpayers by the tens of thousands. People who lived in the state for generations are calling it quits and planning on relocating to another low tax taxed with affordable housing and a lower cost of living. Many Illinoisians have no choice but to live in Illinois because of careers, family, or because they call Illinois home no matter how bad the state of the economy is. Chicago is one of the most beautiful cities in the world if not the most beautiful. In this sub-forum, I like to cover why are people fleeing Illinois and what the opinions of our viewers are where we can save this great state from going further down hill. Here is an article recently updated on the state of economy of Illinois.  Here is the link Why Are People Fleeing Illinois?

Nazareth Love hurts is another classic oldie

https://youtu.be/TyCPfdu1HoA?si=z4WGoLOl04EfOjd-

Here is Chase learning how to sit and stay. I trained Chase how to sit without treats and took me no longer than thirty minutes. Same with stay. After two weeks, I trained Chase how to stay with out any treats and that took me no longer than 30 minutes. Next will be how to come when called. Going by my friend Mark Chen tomorrow at 1 pm to train Chase.

• This discussion was modified 11 months, 2 weeks ago by  Gustan Cho. Reason: Forgot to check NOTIFY ME BOX

Recently, I have had quite a few borrowers that did not have active tradelines. Experian Boost is great for reporting alternative trade lines, but that is only one bureau. I have had good luck recently with Stellarfi.com.

stellarfi.com

Page not found - StellarFi

Page not found - StellarFi

Seems like everyone is an expert in the media where they say that mortgage rates are still low. Jim Kramer of CNN is the biggest liar and bullshitter who has great talent. Jim Krammer talent is lying with a straight face on national television on how great the economy is, how inflation is under control, and how mortgage rates are still low compared to 1980. All of these liberal clowns need to shut down their clownshow and get off the air. What are your thoughts of mortgage rates forecast in the coming months through 2025? What are your thoughts of inflation, the housing market, the stock market, the dollar, unemployment, and investment opportunities?

Every mortgage lender are giving me the same story for being late 120 days on a past mortgage loan payment in the past 24 months. Mortgage lenders, mortgage brokers, loan officers from banks and credit unions all say any mortgage that has been late 120 days or more is considered a foreclosure. Most lender consider a borrower with a 120 day late on a home loan the same as a foreclosure.

Check out this manufactured home. Many manufactured homes are better than stick built hones

https://youtu.be/_EoQhYsJ5kA?si=IjdTf2LswbJQXN_Z

Many loan officers are often curious about working for an FDIC Bank as a loan officer versus a state licensed mortgage company