Saturday, September 6, 2014

If you have a mortgage, and your home has suffered severe damage.What will happen to the insurance check?

I had a fire in my house and it damage the most of the house. Now I want to go with a cash option so I can repair the house myself.
The payment checks from my insurance company will be made payable jointly to BOTH me and my mortgage company.
I want to know dose the mortgage company will get all the money or will releases the money so I can repair it?

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