On a Pennsylvania real estate contract for the purchase of residential real estate, on line 145 is a Property insurance availability contingency. If you decide to elect this box, you have fifteen(15) days to identify acceptable homeowners insurance for your desired property. If with in fifteen(15) days you cannot find acceptable property insurance available for said property, you must notify the seller in writing that you will not be moving forward in said contract. Every situation is different, if you have questions, contact your realtor or for legal questions contact your attorney. I recommend Jeffrey D. Mohler for Real Estate law in Lancaster Pennsylvania.

Tags: Jeffrey D. Mohler, lancaster pa realtor alex reedy, Property insurance availablity

This entry was posted on Friday, August 21st, 2009 at 2:44 pm and is filed under Lancaster County Facts. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.