is my mortgage company suppose to deposit the check for my repairs when there is an attorney involved?

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Asked February 28, 2018

1 Answer


If you have an attorney involved in your mortgage and repair issues, it is possible that the process of depositing your check for repairs may be different than it would be if there were no attorney involved. However, the exact process will depend on the specific details of your situation and any agreements you have made with your mortgage company and attorney. In general, if you have a mortgage and are making repairs to your home, you may need to work with your mortgage company to ensure that any insurance proceeds or other funds are applied correctly. This is because your mortgage company has a financial interest in your property and wants to make sure that any repairs are done properly to maintain the value of the property. If you have an attorney involved, they may be working with your mortgage company and insurance company to ensure that everything is handled correctly. In some cases, the attorney may advise you to have the insurance check deposited into an escrow account, which is a separate account set up to hold the funds until they are needed for repairs. This can help ensure that the funds are used for the intended purpose and that all parties involved are satisfied with the outcome. It's important to note that the exact process for depositing your check for repairs will depend on the specific details of your situation, including any agreements you have made with your mortgage company and attorney. You should work closely with your attorney and mortgage company to ensure that everything is handled correctly and that you are able to complete the necessary repairs to your home.

Answered March 1, 2018 by InsuranceStar

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