Why is my mortgage company handeling my property insurance claim?
Question Details: I filed a claim on a shed on my property that is not included in the loan doc's, appraisel or the inspectors report. I was told that because of that, they could take the insurance check and apply it to our principal on our subsidized loan or, endorse the check and send it back. How do i address this?
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You can address this in the following manner: contact your state's banking department, it is an agency that regulates its state banks and mortgage companies, etc. They can tell you if they regulate this company or if another agency does and help you file an administrative claim.
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