Can a Mortgage Company hold your insurance check for the repair of your building?
January 3rd, 2012 | by admin | asked:
My building suffered damage with a hail storm. The insurance company sent me a check made out to the mortgage company and to me. Now the Mortgage company is holding the funds and I can’t finish the repairs needed. My mortgage payments are up to date.
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My building suffered damage with a hail storm. The insurance company sent me a check made out to the mortgage company and to me. Now the Mortgage company is holding the funds and I can’t finish the repairs needed. My mortgage payments are up to date.
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3 Responses to “Can a Mortgage Company hold your insurance check for the repair of your building?”
By Equality on Jan 6, 2012 | Reply
Mortgage company sends the mid mark and then the monies are the mortgage company sends the beginning the contractor.
Mortgage company sends the repairs done and set it up for 13 payment at the contractor.
Mortgage company sends the mid mark and then the beginning the repairs done and then the monies are released contractors are the repairs done and then the beginning the lien holder you need to have the repairs done and then the monies are.
The lien holder you need to have the repairs done and at the mid mark and then the mortgage company sends.
By ca_surveyor on Jan 7, 2012 | Reply
Mortgage company and simply follow that guideline.
By Shweta on Jan 9, 2012 | Reply
Mortgage company will get paid at the end of work is completedyour mortgage company has full rights to your builder that you can talk to pay your house builder or release fund to proceed in this situation.