quattroworld.com Forums: In your situation, does the builder/your company own the house while it's being built?

All messages | Search Forums | Return to Architecture & Design/Construction/DIY

In your situation, does the builder/your company own the house while it's being built?
Posted by: TwinTurboTerror (567) on 2017-09-21 10:56:45 In Reply to: I work for a national homebuilder. We carry a form of insurance through the building process posted by Johnny Ballgame on 2017-09-21 10:13:00	Share \| Report

In my situation, I think I'm the "owner" of whatever's being built.

Thread:

For homeowner's insurance during construction of a new-construction house, do most - TwinTurboTerror 2017-09-20 22:33:57 (335 views)
- When building my house I had "house under construction" insurance with... - 5speed6 2017-09-22 02:55:32 (212 views)
  - Never knew they had insurance for this.... - Rakete 2017-09-22 19:07:55 (219 views)
    - I didn't either, but... - 5speed6 2017-09-23 02:50:08 (186 views)
  - Thanks, that's exactly what I was looking for. - TwinTurboTerror 2017-09-22 07:20:09 (164 views)
    - You're welcome. Get it and... - 5speed6 2017-09-23 02:51:11 (173 views)
  - Oh and... - 5speed6 2017-09-22 03:14:21 (190 views)
    - What was he wearing? - Timtheguru 2017-09-22 11:27:15 (136 views)
      - I held back from asking. - 5speed6 2017-09-23 02:33:58 (136 views)
- Here's the specific provision from my builder's contract: - TwinTurboTerror 2017-09-21 11:10:26 (207 views)
  - I would have lined through that paragraph. And if they're slipping that in, - doug 2017-09-22 13:47:37 (157 views)
  - Sounds like bullshit - Rakete 2017-09-21 11:21:35 (128 views)
    - Well, as I said, my lender is also requiring it. - TwinTurboTerror 2017-09-21 11:26:45 (142 views)
      - Maybe because you are using a construction loan? We never did and our contractors  -  Rakete  2017-09-21 11:31:22 (173 views)
        
        Maybe. I'm not baller enough to pay for the whole house out-of-pocket. :-)   -  TwinTurboTerror  2017-09-21 11:44:18 (160 views)
        
        We had payments on all three houses.   -  Rakete  2017-09-21 12:40:53 (145 views)
- Built three homes and never had insurance...its the builders responsibility until you close. - Rakete 2017-09-21 08:59:02 (135 views)
  - We had a loan on all three, but not until we closed. The builder carried the liability until then. - Rakete 2017-09-21 12:27:47 (141 views)
  - I don't think that's right. The form contract I got from my builder has me responsible - TwinTurboTerror 2017-09-21 10:03:37 (188 views)
    - if you own the land you need insurance AND - ct_esq 2017-09-23 21:11:16 (161 views)
    - I built in Mississippi, idaho and here in SC - Rakete 2017-09-21 11:18:31 (155 views)
    - I work for a national homebuilder. We carry a form of insurance through the building process - Johnny Ballgame 2017-09-21 10:13:00 (192 views)
      - But typically, aren't you selling built houses as turnkey? - Wascally Wabbit 2017-09-21 13:12:56 (176 views)
        
        ^ This. - TwinTurboTerror 2017-09-21 13:27:26 (135 views)
      - In your situation, does the builder/your company own the house while it's being built?  -  TwinTurboTerror  2017-09-21 10:56:45 (153 views)
        
        How can you own it ..you have to close on it first...when its complete   -  Rakete  2017-09-21 11:19:29 (161 views)
        
        Through the progress payments during construction? I guess the lender technically owns it, but I'm  -  TwinTurboTerror  2017-09-21 11:23:01 (174 views)

You must be registered and logged in to post. Please select an option:

All messages | Search Forums | Return to Architecture & Design/Construction/DIY

Copyright © VerticalScope Inc. All rights reserved.

quattroworld.com is an independent Audi enthusiast website owned and operated by VerticalScope Inc. Content on quattroworld.com is generated by its users. quattroworld.com is not in any way affiliated with Audi AG.