mortgage company holding insurance check
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
mortgage company holding insurance check
Mortgage company refuses to release money paid by insurance company for hurricane damages. Repairs have been completed and mortgage company has sent their inspector to verify. Now they claim I am not current on my loan.
Asked on May 21, 2009 under Real Estate Law, Texas
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 15 years ago | Contributor
Ahh, you will not believe this, but it happens more often than you think. So you know the mortgage company has to sign off.
So, you have a couple of avenues here. You have administrative law rights and civil litigation rights. They can happen at the same time. Start with contacting the Texas Dept of Banking if your bank is regulated by them (the mortgage company). File a complaint - it is usually not overnight but it will so help your situation.
You can also seek a lawyer -- try legal aid, try www.attorneypages.com.
A third choice -- contact your local politician (councilperson, state congressman or senator) and talk the staff.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.