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Is a mortgage company entitled to the insured's loss settlement?
Wiki User
∙ 15y ago
They MAY be entitled. You will have to research your loan documents. If the lender believes is is the intention of the borrower to "walk away" and abandon the the mortgaged property, they MAY be able to attach the insurance settlement in order to protect their financial interest in the property. All of this would have to be done legally, of course, through a court of law.
Wiki User
∙ 15y ago
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What is American Equity index 5 rated?
If you are referring to American Equity Investment Life Insurance Company (and not the mortgage company) and have an Index-5 then you may be entitled to funds from a class action settlement.
How do I find our HUD settlement statement from the purchase of our home?
You will have to call your local mortgage company in order to find the right settlement that are looking for HUD.
Is there a requirement for the mortgage company to inform the homeowners when a mortgage is sold?
Yes, the Real Estate Settlement Procedures Act requires that the mortgage company inform you 15 days before a servicing transfer. See the link below for more information.
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Companies that offer mortgage services through a company site are National mortgages settlement which is for homeowners. Another is HARP Lenders who is with Freddie Mac.
What company took over mortgage payments from Countrywide?
Bank of America too over payments from Countrywide after the mortgage fraud by Countrywide. The mortgage settlement should send billions of dollars to struggling homeowners.
How much am I entitled to receive after being hit by a car?
The amount you are entitled to receive depends on the damage to your car and the injuries you sustained. It is up to you and your attorney to work out a settlement with the insurance company.
What if an investor bought my house and never sent the payoff to the mortgage company and the investor was caught and is currently in jail could the loss be covered by my home title insurance?
If there was a Title company involved the Title Company would have collected and made the payoff, if they did not the Insurance Company would be on the hook to pay. If you sold the home to an Investor, without a Settlement Agent ( Title Co.) you are out of luck and most likely would have to make a settlement with the Bank for the mortgage.
What can a mortgage company do if mortgage had not been paid in 4 years?
What can a mortgage company do if mortgage has not been paid in 4 years
Where can I find information about Halifax mortgage?
"To get information regarding Halifax mortgage services, a useful place to start would be with the company entitled, Halifax. They provide a full range of services from banking and savings accounts, to home mortgages and share dealing."
If i am are six months late on my mortagage and I receive a insurance check for a roof leak can the mortgage company keep your check since the check came in my name and the mortgage company?
As far as I know they shouldn't be allowed to. They are on the policy in case your house becomes a total loss and the insurer then uses the settlement money to pay back the whole mortgage. Query your insurer.
How can you pay your mortgage?
The easiest way is by working with a credible mortgage company; this will not only provide you with the best financial solution possible, but will also take a lot of the stress off of buying a house. A mortgage company will look at your income and credit information, as well into the nature of the house you are looking to buy itself, to determine if you are eligible to receive any type of loans. Once this process is finalized and approved, you will forwarded the loans at the place of settlement. Get in contact with a good mortgage company and they will help you determine the best way for you to pay off your mortgage.
Are insurance companies allowed to hold part of settlement until they see proof that you fixed the damages?
Yes that could happen but is generally when you still have a mortgage on the property. If there is no mortgage then the decision is entirely yours, but if you have a mortgage then the decision making is in the hands of the mortgage company. Bear in mind that when you have a mortgage company involved, they are also insured by your policy along with you in a 1'st place lienhlder position. The insurer must also abide by the wishes of your Mortgage company who is in effect a first position co-insured on your policy. Although the home may be in your name, It actually still belongs to the mortgage company until it is paid off. The mortgage contract you signed almost certainly requires that you make those repairs.
