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Looking at a few investment type houses here in Ga. Came across one that states in the listing description, "uninsurable". My guess is mold, but can't that be remediated? What are some reaons that a property could not be insured? Zoning issues? Don't know. Thanks!!!!
Not just FHA....even conventional appraisals can come back "subject to" and if the seller refuses to correct what the appraiser has identified, the lender will not lend, and if a lender won't lend money on a property you can probably bet that no insurance company will write a policy on it either (until it is brought up to certain standards).
Uninsurable is a vague term we throw around in our area that will generally mean the house will require a cash purchaser.
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. I would NEVER buy a property that couldn't be insured. Just wondering about the "whys".
