Options after a house fire...

by contemplatingnothing » Mon Jan 19, 2009 04:05 pm

After a house fire, rather than using the insurance $$ for structure damage to remodel the house, can I sell the house "as is" and keep the insurance $$? I have someone interested in buying my house/lot without having to put this money back into the house and I wanted to know if this was legal to do.

Total Comments: 29

Posted: Wed Jun 02, 2010 03:58 am Post Subject: ?

Regardless; you may want to check with your claims adjuster and then with your local fire marshall - you may not be able to sell the house without a c/o- if there's a lien you may have to have the lien holder sign off as well

Posted: Fri Aug 20, 2010 11:26 pm Post Subject: house fire

I had a fire and I am displaced out of my home when all repairs are finished am I entitled to a displacement settlement.

Posted: Sat Mar 05, 2011 01:48 pm Post Subject: how to get the money

As per the law, I think, my insurance company has issued a check to my mortgage holder for 70% completion of the house. At the beginning, the insurance company issued a check directly to me for contents. This is what I've been using to fix the house. I'm acting as my own contractor, as I have a lot of buddies who are doing work for free.

We are almost done, and I have yet to get one penny from my mortgage holder. Now is the time I need to start replacing furniture, electronics, even bedding and curtains and I'm out of money. Every time I sign something for the mortgage holder to release the funds, they have come up with something else they say they need. I'm worried I'm being scammed by the mortgage company (Bank of America). The insurer had agreed to pay off in 1/4 the money at a time. The point of my friends helping was so that I'd have a chunk of change to put in the bank (I'm 72). We've done a beautiful job on this old house and I'd like to get it done. What do I do? By the way, all inspections, from the town, county, insurance compnay and even the banks inspector have commended the work!

P

Posted: Tue Oct 07, 2014 05:38 pm Post Subject: Contract for deed

I am in a contract for deed, there was a fire at the house, am I still oblagated to pay mortage without a place to live

Posted: Sun Oct 12, 2014 02:56 pm Post Subject:

Let's see if I have this correct.
A. You signed a contract to borrow money from someone, apparently to purchase a house.
B. There was a fire at the house, and you cannot live there.
What does B have to do with A? Fire or no fire, you owe someone money and have agreed to make payments. What difference does it make if you are living in the house or not?
I'm going to step out on a limb and guess that you have no fire insurance on the property. Of course, that insurance won't cover your loan payments, but it will pay to repair the damage caused by the fire.

Posted: Fri Jul 07, 2017 06:18 pm Post Subject:

in california does the ins.co. put the mortg. co name also on the recoverable depreciation check this check is over 40 k

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