 |
Can My Mortgage Company Take Life Insurance Money I Received As Beneficiary? |
Question by Deborah | Posted in Insurance
I have a house I need to get out from under. I may foreclose on it. Or, do a deed in lieu of a foreclosure. I want to file hardship due to the loss of my brother, whose income I depended on to pay for the house. My husband just passed away on the 3rd. I am living in his house. I cannot keep two houses. Can my mortgage company come after me for any money I received as a beneficiary?
Answer: "File hardship"? Where?
Once you receive insurance beneficiary money, it's just your money - period. The question of whether the lender can "come after you" stands on it's own. The source of your money makes no difference - it's not shielded any differently from the rest of your money. |
| |
Can I Get A Mortgage With No Life Insurance? |
Question by webbyweb | Posted in Renting & Real Estate
Can I get a 75K mortgage with no life insurance in the UK?
If not, will the mortgage company want to know who the insurance is with?
Will they issue a mortgage with NO life insurance at the age of 52?
| Answer: Yes, you can obtain a mortgage in any amount regardless whether you have life insurance or not. A mortgage is secured by your home; and that is what would be used to pay the loan in full in the event something happened to you - not the life insurance. |
Related Topics:
Life Insurance Cover Online
Life Insurance Policy Premium
Life Insurance Quotes In
| |
How Does One Find Out If There Is Mortgage Life Insurance On A House? |
Question by Tinnaaa | Posted in Marriage & Divorce
My aunt's husband just died , however my aunt cannot find any of his documents. She knows her husband purchased mortgage life insurance on the house, however she does not know the company he purchased the insurance from. How does she go about finding out the company holding her late husband's mortgage life insurance policy?
Thanks
P.S
They were in the midst of divorce proceedings when her husband died, thats why all their business and documents were being
Answer: The mortgage company that holds the mortgage on the house may or may not be able to help - my guess is most likely not. Mortgage life insurance is a form of decreasing term life insurance, tied to the amount of the mortgage. The policy could have been written by any company that writes life insurance.
I would suggest that you start with the individual who was handling the divorce for the husband (attorney??), or check with the individual who is named as the personal representative in the husband's will. Next I'd check with the regular insurance agent, if the two had one. If that doesn't bear any fruit, start looking at the checks written in the past, maybe that will give some |
Related Topics:
Life Insurance Definitions
Life Insurance Policy Tax
Life Insurance Quotes On Line
| |
Mortgage Life Insurance Best Companies? |
Question by Joe | Posted in Insurance
Answer: do you mean mortgage insurance from a finance company or decreasing (or level) term for Trying to cover your mortgage or the biggest part of it. If uninsurable, go with the fiance company, but they may not offer it if you aren't healthy enough.
If term insurance try American General, Prudential, Met., Nationwide, etc. Most mortgage insurance from Banks, finance companies you only have one company offering coverage. On your own try adds on the internet. Find one and research the company. Sometimes a little higher premium willbe better than too low cost insurance. |
Related Topics:
Life Insurance Estate Tax
Life Insurance Pros And Cons
Life Insurance Viatical
| |
A Good Company For Term Mortgage Protection Insurance With No Medical Check Up? |
Question by william t | Posted in Insurance
I have term life insurance but also am looking at protecting my mortgage if I should die early, I am a male in good heath- and I do not want to get any kind of medical screening just to protect my mortgage...does anyone have a good company they can recommend?
Answer: Mortgage protection is something the lender buys. I think you mean "mortgage life insurance".
Because it's usually no medical exam, limited questions, more lenient underwriting, it's a lot more expensive than straight term insurance. Also, because the amount of coverage goes down every month when you make a mortgage payment, but the premium stays flat, it gets a WHOLE LOT more expensive as time goes on.
It's really a pretty bad deal, unless you're uninsurable on "real" insurance. And I just flat out don't like it, because it only protects the LENDER.
You'd need a company that can sell in your state. You're probably best |
Related Topics:
Life Insurance For Over 50
Life Insurance Quick Quote
Accent Insurance
|
