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Reply #28: Why would someone notify the mortgage holder the house burned down? [View All]

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NNN0LHI

(1000+ posts) Send PM | Profile | Ignore

Sun Aug-28-11 08:19 AM
Response to Original message

28. Why would someone notify the mortgage holder the house burned down?

The mortgage holder doesn't have anything to do with that do they?

I would call my insurance company and report the loss and have them pay to fix or rebuild it. I would feel no need to call my mortgage holder.

Never heard of receiving a "payoff amount", as if it were a total loss like a car after a house burns down.

Does anyone understand what is going on here?

Don

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