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Mattie Said:

Insurance company wants to "Total" fiance's car, how to avoid this? Is there a way around it?

We Answered:

You don't really have options, unfortunately, and I'm not sure what you do with them if you had them. What are you looking to get out of this, exactly?

The insurer is legally obligated to make you whole again, either by repairing the vehicle to it's "pre-accident" condition or by buying the car from you at Actual Cash Value, whichever is less. If the car is worth $5000 and will cost $1000 to repair, they pay to fix it. If it's worth $1000 and will cost $5000 to repair, they buy it from you, or 'total' the car.

When the insurer totals it, they pay Actual Cash Value, not Kelley Blue Book. By Paying ACV, you should, in theory, be able to turn around and use the check to buy another 1991 Cutlass Cierra with the same mileage and in the same general condition for what the insurer paid you. If you can't find another one at that price, ask your insurer how they got their valuation. You may have to invoke your Appraisal Clause.

In this case, it sounds like totaling the car is definitely the best option. You can do all the paperwork via mail, so appointments and meetings shouldn't be necessary. It will take some time to get it sorted out, but then again if the car is fixed, it will sit in the shop for a while.

Do you have rental coverage? If so, that will get you a car while the paperwork is in process. Even if you don't rent, your insurer must pay you cash for your rental coverage.

Your insurance is under absolutely no obligation to repair. Settling the total loss and buying new will be easier, cheaper, and quicker than retaining the salvage and trying to get it fixed. Settling the total loss also will take no longer than if the car were to be fixed. Since your only two options are fix it or total it, I'd say you're no worse off by totaling it.

Allen Said:

What do realty agents like? how to get in their book?

We Answered:

look start in realty offices that are currently sending in loans. Then talk with those in the office that are not sending in files. Great service and after hours closings will also get you more than a cookie will

Andrew Said:

Buying a $1M warehouse FSBO, do I need an ALTA title policy orjust the standard-coverage policy?

We Answered:

ALTA is usually what the lender requires.
This is not an issue if you are paying all cash or if the seller is doing a carryback loan and doesn't want it.
Re: closing costs....say..."closing costs are to be paid by buyer and seller per county custom." Title/Escrow company will know this.
From my experience in California, title insurance is paid for by buyer. I think your cost will be $2-3k, but check.

Tyrone Said:

Is it true that my parents can still be held liable for me driving if they pay my health insurance?

We Answered:

The insurance you drive with is auto insurance not health insurance. As for who is liable it's in your name so you'll be liable but because your a minor the other drive can sue your parents. You can't sue anyone under the age of 18.
Hope this helps!!!! :^)