Posted by GL(ON) on July 01, 2002 at 18:11:04:
Insurance companies don’t like to insure junkers. I doubt you could insure a place like you describe.
But if there is no mortgage you don’t have to have it.
Sometimes they will give you a little slack if it isn’t too bad, they know you are going to live in it and fix it up right away. This depends on your agent’s experience with you and how he goes to bat for you.
You never know until you try.