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What can you do if your contractor is harassing your mortgage company?
Wiki User
∙ 12y ago
Nothing. It is up to the mortgage company (or the employees being harassed) to stop the harassment themselves. You do not have standing.
Wiki User
∙ 12y ago
If your contractor is harassing your mortgage company, you should gather any evidence of the harassment, such as emails or phone recordings, and report the behavior to both your mortgage company and the contractor's employer, if applicable. You may also want to consider consult with a lawyer or seek legal advice to understand your rights and explore possible legal actions.
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How do you get your mortgage company to release your insurance check Adjuster reported home is completed Mortgage company wants to send last check to a contractor?
Was this a total loss? The money should go to the contractor unless you have already paid him out of pocket then the money would go to you...re-imburse you only what it cost to rebuild home and only what you paid the contractor. The mortgage company pays the contractors directly to be sure that they are paid in full and not mechanics liens are on the property. Provide proof of paid in full acknowledged by the contractor and the company will then release the check to you.
What is meant by contractor mortgages?
Mortgages applicable to those type of people (Contractors) are termed as Contractor Mortgages. Guidelines and documentation required for availing a contractor mortgage is different than that of a typical mortgage. The only entity that can mortgage any property is the legal owner so the contractor must have title in order to grant a mortgage on the property.
Can a mortgage company keep the unused portion of insurance claim money when the job is completed and inspected?
According to the person I spoke with at the Texas Department of Insurance (as this answer may vary with each state), the answer is no. The money belongs to the homeowner. The mortgage company must release the funds when the homeowner satisfies the requirements of the mortgage company, usually this is signed documents, contractor's invoice, and an inspection. Theoretically the mortgage company should then release the funds to the contractor and the homeowner. (Theoretically b/c our mortgage company comes up with something new they need every 2 weeks. We've been fighting for our money for 10 weeks now. So good luck!)
How do you stop repo company from harassing?
You cannot stop the repo company from harassing you unless you pay your bill. The only thing you can do is try to ignore them.
Who gets paid with a construction mortgage loan, the contractor or the home owner?
Construction mortgage loans are obtained by the home owners. Most of the funds are used to pay the contractor for the construction project though.
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
If you collected on roof damage do you have to put a roof on?
Most of the time, the insurance company pays the mortgage company the money and they release it to the contractor when the work has been done. It is really shortsighted to spend the money on something other than what it is intended for.
Do all mortgage companies issue a loss draft check to both the contractor and homeowner?
Each mortgage company has different procedures regarding the release of insurance funds. The best way to know what you should do, would be to contact your mortgage companies customer service department to find out what documents they will need and where the check should be sent.
How do you know if your foreclosure will be pursued by the mortgage company?
go ask the mortgage company.
Does the mortgage company verify your income?
Yes the mortgage company verifies income.
What is a chaffee mortgage?
A Chaffee mortgage is a mortgage obtained from this specific company. Chaffee is a company that will give out loans for homes to people who qualify.
What is corp adv fee?
These are any costs that a mortgage company has incurred in the collection or servicing of a mortgage. An example of a corporate advance fee would be if the second mortgage company makes a payment to the first mortgage company.
