09-09-2020, 03:26 PM
bazookaman wrote:
[quote=mattkime]
[quote=Zoidberg]The mortgage company that fucked us over so badly was Chase Mortgage.
How was the mortgage company involved?
If you HAVE a mortgage than the bank technically owns the house. SO any money you get from insurance you have to sign over to the bank and they decide how much you get and when you get it. Its VERY frustrating.
We had the same issue with the tree in our house. Even though we were eventually made whole. It took almost exactly a year and endless calls and frustrations. The insurance company turned out to be the shining light. The mortgage copamny was an absolute shitshow.
What bazookaman said.
mattkime wrote:
Is it like this everywhere? My name is on the title.
Is your house 100% paid for? If not, the mortgage company owns the house, or technically a lean against it. I forget the jargon. You don't own the house yet, even if you've paid 99.99% of the mortgage and have only a single payment left.
FWIW, my insurance check was made out to them and me. I could not deposit it or do anything with it. It gets dark after that and my blood pressure doesn't like me recounting the whole tale.