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Scott Said:

Why is the government growing bigger than ever, regulating insurance co's and buying up home mortgage notes?

We Answered:

Brthurst is correct. I would only like to add one thing. It's a well known fact that it is the Democrats that are trying to socialize the US. Universal health care, social/welfare programs to make more and more people dependent on the government, re-distribution of wealth, etc. Some of it may sound like a 'warm fuzzy' idea but in reality it is a failed idea. Especially to people like Americans who have lived with and value our freedoms.
(example) What use to be the United Soviet Socialist Republic is now Russia. Socialism didn't work there and it won't work here.
Our form of government has lasted longer than any other form of government in the history of the world. Why? Because if it is done right! it works.
Do we really want to become The United Socialist States of America?
Why would we want to do that when we already know it is a failed form of government? What we need to do, rather than changing to a different (failed) form of government, is to fix the things that are wrong with the one we have. Best way to start is to vote those out of office who lean in that direction. The further left you go, the more you find the ones that want to destroy (in the name of 'change') what we have here.
I know I'll get thumbs down from the Liberals, especially the Clinton/Obama supporters but that's just the way it is. Sometimes the truth hurts.

Nellie Said:

Can co who bought our mortgage change homeowners insurance requirement?

We Answered:

It depends. If you have a condo the lenders have a new requirement that you also have your own condo policy in addition to the Association policy.

If that is not your issue, then the new lender may be requiring you to have more dwelling coverage on your home. Here is gets tricky. It depends on what state your in if they can do this legally. And, are they saying the dwelling amount has to match your loan? That is not required. If they are only concerned that you have enough insurance to rebuild then that may be real.

You really need to speak to your agent and ask their advice to see if what the lender is saying is real and legal and if it makes sense. And, to make sure you do have enough insurance on your home.

Thomas Said:

If both the mortgage co. and my name is on a check from the insurance company- what must I do to get it cash?

We Answered:

Go back to the insurance co and tell them they need to reissue you a check w/ just your name on it.

Pearl Said:

Can a new mortgage co. dictate my insurance terms?

We Answered:

They cannot change the terms of the original mortgage, but they CAN enforce terms that the old mortgage company did NOT enforce.

Bottom line - go pull a copy of your original mortgage agreement, and see what it says about your deductible. That's the only paper that counts. And you'll need that, anyway, if you end up having to file a complaint with your state banking commisison.

Toni Said:

Currently i have escrow, real estate, mortgage and insurance co. soon, How do i become a BILLIONAIRE?

We Answered:

You could become a billionaire by the time you're old if you invest your money wisely, work every day and grow your business exponentially.