How can I get mortgage company to endorse insurance check before work is done?
Written By: admin on May 22, 2009
One Comment
I have a check from my insurance company for hurricane hurt. My mortgage company will not endorse the check until the work is done. I need the money to get the work done. How can I get the mortgage company to endorse the check ?
Related Financial Planning Posts
Tags: hurricane damage, insurance, insurance company, money, mortgage company, Mortgage or Home LoansTags: hurricane damage, insurance, insurance company, money, mortgage company
You can’t. But you could have your adjuster reissue the check directly to the contractor.
Any contractor should be willing to work with you on this – you’ll likely have to pay them your deductible, directly, but most REAL contractors that don’t scam you, should be willing to take payments as the job completes.