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how to get money from loss draft department after a claim

Posted on: 31st Mar, 2008 11:21 am
how to get money from loss draft department after a claim
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
Posted on: 01st Apr, 2008 01:52 am
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.
Posted on: 26th Feb, 2009 02:45 pm
how do i get the money if it over 10 thousand dollar to pay some dedt too.
Posted on: 09th Apr, 2009 09:11 am
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.
Posted on: 10th Apr, 2009 10:04 pm
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?
Posted on: 02nd Jul, 2009 07:51 am
can the home owner do his own repairs?and get paid for his labor.
Posted on: 17th Jul, 2009 10:35 pm
jesse, can you give us just a tad bit more information...such as what in the world are you talking about?
Posted on: 18th Jul, 2009 05:20 am
house burned and insurance payed 70 thousand how do we find out if that payed house off and if not why
Posted on: 18th Oct, 2009 08:35 pm
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.
Posted on: 19th Oct, 2009 10:54 am
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
Posted on: 16th Apr, 2010 03:15 pm
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.
Posted on: 17th Apr, 2010 10:24 am
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.
Posted on: 14th May, 2010 10:22 am
As far as I can understand, the mortgage company should return the excess amount to you.
Posted on: 17th May, 2010 12:42 am
What is the address for the lost draft dept, please.

Thanks.
Posted on: 18th Jul, 2010 07:16 pm
Contact the insurance company in this matter. They would be able to let you know what you need to do in this matter.
Posted on: 18th Jul, 2010 11:41 pm
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