411mortgagefaq - mortgage faq home loan » National Language http://411mortgagefaq.com mortgage faq - answers to your mortgage questions Thu, 26 Jan 2012 05:18:04 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Can a Mortgage Company hold your insurance check for the repair of your building? http://411mortgagefaq.com/national-language/can-a-mortgage-company-hold-your-insurance-check-for-the-repair-of-your-building/ http://411mortgagefaq.com/national-language/can-a-mortgage-company-hold-your-insurance-check-for-the-repair-of-your-building/#comments Tue, 10 Nov 2009 14:25:30 +0000 admin http://411mortgagefaq.com/national-language/can-a-mortgage-company-hold-your-insurance-check-for-the-repair-of-your-building/
Charles C 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.
The repairs are done, the Mortgage company inspected the repairs and they are holding the depreciation check. Would anyone know why?

GLEN
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