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Irwin Law
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Category: Real Estate Law
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Experience:  Lawyer- Broker 30+years - foreclosure, short sale, liens, title attorney.
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Hello, I am currently about to purchase a home in Suffolk County

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Hello, I am currently about to purchase a home in Suffolk County NY as a cash purchase. There will be no lenders involved in any aspect of the process. The issue is my homeowners insurance may not be ready the day of closing, but the day after. The paralegal involved with the house closing told me it is "imperative" to have my homeowners insurance paid off for a year on the day of closing. Why would she say this? Also there is no HOA. Will I have to delay closing? Thank you

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State relating to question: New York

Hello. I'm sorry to hear about this problem that you are having. I think the paralegal is so used to closings where a mortgage lender is involved that she is forgetting that the reason that HO insurance must be in effect on the day of closing is the lenders require it. . But in a cash sale, that is not the case, and this will have to be explained to her by her superiors. You should be able to close whenever you wish, with or without insurance in effect at the time.

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