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What is the law on a Mortage Company holding you home owners

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MissyArnold Joined: 06 May 2008 Posts: 1 1.25 Dollars($)	Posted: Tue May 06, 2008 10:12 am    Post subject: What is the law on a Mortage Company holding you home owners What is the law on a Mortage Company holding you home owners claim check on properity damage? What is the state law for AR or are all laws the same for each state?
adonis Joined: 22 Oct 2005 Posts: 3852 Location: ALASKA 120.89 Dollars($)	Posted: Tue May 06, 2008 9:59 pm    Post subject: Welcome Missyarnold, Probably the insurance company has offered the check to the mortgage company because it has an interest in the property. By the way, is the property entirely damaged and by how? then obviously the company can hold it and take away the funds because their mortgage needs to be paid for. _________________ Procrastination is the enemy of your financial sucess

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