Quote:
Originally Posted by mustangbee  Yes, you still have to make the payments, but there is help for them, as well as funds for a new place to stay. They are financially hurting even with the help from the State, they still have to replace everything and with many claims it's going to take a long time to get them all. Emotionally some will never recover.   |
As a former mortgage lender, whenever we did a loan, the client had to get homeowner's insurance and name the lender as the loss/payee on the insurance policy. That way if there is destruction to the house, the bank gets paid first.
I sure hope people only have to make the payments for the amount of time it takes for the insurance company to settle with the lender.
