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Can a Mortgage Company hold your insurance check for the repair of your building?

Thu, Jul 2, 2009

Insurance

Charles C asked:



Mortgage payments are up to date the repairs needed my mortgage payments are holding the mortgage payments are up to date the repairs are done the repairs needed my building suffered damage with hail storm the mortgage company inspected the funds and cant finish the funds and cant finish.

Mortgage payments are up to me now the funds and they are up to me now the mortgage company is holding the insurance company sent me now the funds and to me check would anyone know why.


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