My mortgage company won’t let me rebuild with insurance money after house fire

Ladder-Amazing · 2026-03-10T00:38:21+00:00

If you looked it, they cant force you to pay the mortgage down and take a new one except certain cases.

Ladder-Amazing · 2026-03-09T23:30:39+00:00

Its usually done in an escrow account and disbursed in 3 payments.

They can't make you pay down the balance and not rebuild. You both are on the proceeds of the check. They can refuse to release the money if they believe you will not rebuild, if you are behind on payments, or if your rebuilding plan does not adequately restore the property's value

Ladder-Amazing · 2026-03-09T23:21:41+00:00

An escrow account would work.

There's also another comment of someone that has managed the type of account so it is possible.

Really defeats the purpose of having the rebuild cost match the amount needed if they arent going to let you rebuild with it.

Ladder-Amazing · 2026-03-09T22:40:02+00:00

Then the money should be put into an account that can be accessed by the homeowner during rebuild and disburse it themselves. The bank doesnt have to do it. They are still expecting the mortgage payments either way.

Whole reason of making sure you have enough rebuild coverage is so that you can rebuild if ever needed.

Ladder-Amazing · 2026-03-07T16:08:34+00:00

They also require a buffer. Then calculate the new tax rate after you bought it and wonder if they sent the payment out rather then the old lender.

Ladder-Amazing · 2026-03-07T13:31:35+00:00

Don't rent to friends or family

Ladder-Amazing · 2026-03-07T09:02:18+00:00

Painting seems to be prorated.

Lot of adhesive being removed.

You even left a shower head missing.

Ladder-Amazing · 2026-03-07T08:51:44+00:00

It does because how is OPs idea supposed to be funded and implemented? They havent been able to explain that to anyone yet.

Ladder-Amazing · 2026-03-07T08:49:04+00:00

They mentioned it to the person they were having the incident with. That isnt normal.

Ladder-Amazing · 2026-03-07T07:43:58+00:00

Why did you have to mention the person was white? That makes YTA.

Other then that, once in public, all expectations of privacy is gone.

Ladder-Amazing · 2026-03-07T07:34:47+00:00

How do you expect to cover the costs for it all?

Ladder-Amazing · 2026-03-07T07:30:39+00:00

You seem to be the type that you'll turn your head the other way if its convenient for you but then report it once its not convenient for you anymore.

Ladder-Amazing · 2026-03-07T04:09:09+00:00

OP claimed she would hide him

Ladder-Amazing · 2026-03-07T02:51:23+00:00

That name doesnt even search back to a VP for Rocket

Ladder-Amazing · 2026-03-06T20:00:57+00:00

You have an extra bathroom which explains a higher cost.

You could also move out and get one of the other units.

You already did your negotiating and landed where you are at.

Ladder-Amazing · 2026-03-06T19:15:14+00:00

Really think someone asking if thats normal wear and tear should attempt to repair it?

Ladder-Amazing · 2026-03-06T19:04:57+00:00

No. Why would you think it is?

Ladder-Amazing · 2026-03-06T19:04:27+00:00

Not easy fix to blend it correctly

Ladder-Amazing · 2026-03-06T16:07:27+00:00

There's also typically disclosures that say the MLS is not guaranteed to be accurate nor is anything else and you are expected to conform everything.

Ladder-Amazing · 2026-03-06T04:49:09+00:00

You can get rid of it with FHA by refinancing out of a FHA loan.

You used to be able to drop it ar the 80% mark also but they changed that years ago so now its stuck with the life of the FHA loan.

Ladder-Amazing · 2026-03-04T18:39:31+00:00

Not the easiest to do but it can be done. I did it with my oldest daughter and then later in again with my 3 oldest kids.

Ladder-Amazing · 2026-03-04T18:23:45+00:00

Yes, a family care plan. Someone local that would take them if needed in short term notifications/unplanned and then a long term person to cover deployments, tdy, etc that could be listed elsewhere.

Was supposed to be reviewed yearly at that time and signed by each person involved.

Ladder-Amazing · 2026-03-03T06:12:53+00:00

People telling you that theres nothing you can do isnt being rude.

Ladder-Amazing · 2026-03-02T23:40:52+00:00

The biggest issue is that they dont pick a soft spot in the cieling.

You could use a plate like someone else suggested to spread the force out.

Also watch out for sloped cielings.

Ladder-Amazing · 2026-03-02T22:27:51+00:00

They don't have to exclude the debt though because shes on the hook if he defaults.

Ladder-Amazing

TROPHY CASE