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how to get money from loss draft department after a claim

how to get money from loss draft department after a claim

larry2's picture
larry2 | Joined: June 27, 2007 02:50 am | Posts: 0 | Location: New Jersey | 00 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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

jenkin7's picture
jenkin7 | Joined: June 4, 2007 11:02 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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?

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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. :x

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

gmakerley's picture
gmakerley | Joined: November 9, 2007 07:36 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Thanks.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Contact the insurance company in this matter. They would be able to let you know what you need to do in this matter.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

In the case of Chase Loss Draft I don't believe you can get the money back from them. I have been trying for 2 1/2 months and every time I call they have another reason for why they are not sending a check. I finally received a check but it had the wrong payee on the check. They added someone I have never heard of and has never done any work on my house.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Depends on your policy, Our house burnt in september total loss. Our insurance company has to pay for a new home up to the policy amount. They should give you a check to start out with then after you proove you have paid that amount on a house then if you need more and its still under the policy amount then you show them the differance and they should issue a check

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Guest!

Welcome to forums!

You need to mention the name of the company whose address you want. Unless you mention that, it will be difficult for us to give you the address.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:40 | Post subject:

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