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probably depends on the state - but I believe they can do that yes - consult an attorney

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16y ago

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Related Questions

Have you completed an insurance check with your mortgage company?

Yes, I have completed an insurance check with my mortgage company.


Have you received your home insurance claim check from the mortgage company yet?

No, I have not received the home insurance claim check from the mortgage company yet.


How can I ensure that my mortgage company is included on my insurance check?

To ensure your mortgage company is included on your insurance check, you should contact them and provide them with the necessary information for the insurance company to list them as a payee on the check. This ensures that the mortgage company can endorse the check and release the funds for repairs or rebuilding.


How do you know if your mortgage will be paid off if you die?

You check to see if you purchased mortgage insurance.


How do you cash check from homeowner insurance claim that includes mortgage company?

Endorse the check & send it to your Mortgage company. They will decide how much you get from it.


How do you find out if your deceased relative had mortgage life insurance?

One way is to check with the lender. Most lenders have affiliations with mortgage life insurance companies to provide this service and in most cases the insurance premium is included in the mortgage payment.


Why is my mortgage company listed on my insurance check?

Your mortgage company is listed on your insurance check because they have a financial interest in your property and want to ensure that any repairs or damages are properly addressed to protect their investment.


Why is the mortgage company listed on my insurance check?

The mortgage company is listed on your insurance check because they have a financial interest in your property and want to ensure that any repairs or damages are properly addressed to protect their investment.


Will refinancing your mortgage remove the mortgage insurance from your loan?

Actually, you may not have to go as far as refinancing to remove the mortgage insurance. If you have paid down the principle and have equity, you may have reached the percentage where your lender does not require mortgage insurance. Check with your lender and read your note to see where you stand.


Will my mortgage company endorse my insurance check?

It depends on your mortgage company's policies. Some mortgage companies may endorse your insurance check, while others may require you to use the funds to repair the property. It's best to contact your mortgage company directly to find out their specific requirements.


Is there mortgage insurance in case of death?

Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.Yes. You should ask your lender. You should also check out a simple term life insurance policy in the amount of the mortgage. It may be less costly.


Does the mortgage pay homeowners insurance?

In some mortgages insurance is included in the payment, but in others it isn't. If you don't know what you have you need to check.