Anyone know if this a moral or even a legal practice, or is it just Texas being Texas? Lawsuit? or just Law?
Currently I am in Chapter 13 Bankruptcy (Texas), Strong Storms came thru and did alot of damage, Got a $3,000 Insurance claim check. It is in my name as well as the Lender, (Washington Mutual(ly SUCKS!). They tell me they wont sign off on it! And I need to send it to Floence, North Carolina and when my loan becomes current they will sign off on it and send it back! This will be approximately 3 years when The Chapter 13 is Complete and the arrearages are all paid up! Its mandatory to carry Home owners Ins. in Texas, but if your in Bankruptcy (Ch 13 so I'm paying back a significant amount w/new laws) it is apparently another waist of money and no fixing house a little short on money these days.LOL. WAMU makes my Insurance payment every year at the end of the year as part of my escrow, see where Im going with this got me by the B... BULLS...! This place gets better every-day, NOT!
Answers:
Contact the Texas Department of Insurance and the Texas Banking Commission. Advise them of your situation. I don't believe WAMU can do what it is doing to you. these agencies can put pressure on them to do what they are supposed to do.
No, it sounds like Texas. I live there to, and let me tell you, it sucks.
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