Back Redemption Period Coverage - MN

Posted in
Market Requests

MNM Honey Jan 10, 2020 12:22 PM

I am looking for property coverage for homes purchased with Sheriff Certificates in Minnesota. These homes are held through a 6 month redemption period during which time the current owner can redeem the certificate and retain ownership and possession of the home. I need coverage for the homes during the redemption period when my client has a financial interest in the home but does not have possession of the home. Similar to forced placed coverage by lender. Typically, these homes remain occupied during the redemption period.

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