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  1. #1
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Insurance Claim After Bankruptcy

    The check is issued in the names of you and the lender?

  2. #2
    Join Date
    Mar 2011
    Posts
    5

    Default Re: Insurance Claim After Bankruptcy

    Quote Quoting Mr. Knowitall
    View Post
    The check is issued in the names of you and the lender?
    Yes it is.

    Since the Lender is listed as leinholder.... I am pretty sure I have no right to the money myself....however it doesnt seem fair that the bank gets paid off and I loose out on
    the equity value of the property....

  3. #3
    Join Date
    Jan 2006
    Posts
    38,867

    Default Re: Insurance Claim After Bankruptcy

    Quote Quoting Maji King
    View Post
    Yes it is.

    Since the Lender is listed as leinholder.... I am pretty sure I have no right to the money myself....however it doesnt seem fair that the bank gets paid off and I loose out on
    the equity value of the property....
    Equity value? The house is being foreclosed. How are you losing out on anything? Due to the BK, you will owe nothing at the end of the foreclosure. The bank is the only party that is injured here.

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