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how to get money from loss draft department after a claim

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi Mick,

Welcome to the forum.

I think you should notify the loss draft department for amount of loss that occurred in your property due to some natural disaster. The check is co-payable to the lender and the borrower. It will be sent to the lender for endorsement. Then you can request the lender to give you the check.

Best of luck,
Larry

Guest

Every mortgage company has there own Loss Draft procedure. Some are listed online. Others you will need to call and get the information. When calling, have your loan number handy.

Guest

how do i get the money if it over 10 thousand dollar to pay some dedt too.

jenkin7 · Posted: Fri Apr 10, 2009 10:04 pm Post subject:

Hi rae,

Have you submitted a claim to the loss draft dept.? I think you should contact them, make them aware of your situation and submit your claim for the loss.

Guest

In the state of texas is there set amount of time that motgage company has to return a check after work is complete and inspection is done?

Guest

can the home owner do his own repairs?and get paid for his labor.

gmakerley · Posted: Sat Jul 18, 2009 5:20 am Post subject:

jesse, can you give us just a tad bit more information...such as what in the world are you talking about?

Guest

house burned and insurance payed 70 thousand how do we find out if that payed house off and if not why

gmakerley · Posted: Mon Oct 19, 2009 10:54 am Post subject:

are you still getting billed for your mortgage, emmett? have you called the insurance company or the lender? have you not received any correspondence to this effect?

honestly, it's awfully strange to see a question such as the one you asked. you ought to have received plentiful information about your claim.

Guest

I just wanted to say to GMakerley that I really hope that "community mentor" badge isn't real, because these are genuine concerns and you are answering them in a very short and rude manner. Mad

gmakerley · Posted: Sat Apr 17, 2010 10:24 am Post subject:

sorry you feel that way nicole...there was no disrespect intended, and i feel pretty certain that emmett daniels didn't take it that way either.

you must recognize that it's a pretty strange position to be in - to have a house burn, insurance paid and to still wonder if the underlying mortgage was paid off or not.

and, of course, the discourse you mentioned took place about 6 months ago. presumably, all the hurt and pain would have dissipated by now. i hope so.

Guest

if insurance company settles a claim for a house that burned down for payments of 1,000,000 and additional funds of 450,000 when house is built back per builder contract and these checks are sent to mortgage holder for disburment to the builder and then the insurance company settlles on hardscape and softscape for another 150,00 can the mortgage company just give that money back to the homeowner.
The loan remaing on the house by the owner is 700,00.

Guest

As far as I can understand, the mortgage company should return the excess amount to you.

Guest

What is the address for the lost draft dept, please.

Thanks.

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