Thanks, Angelina. Makes me wonder if the Chapter 7 was worth it...if the banks refuse to move forward with the foreclosure then we are stuck. In my case, my investment property dropped in value tremendously (over $100k), and the bank refused to modify my mortgage...until after my discharge. I am no longer interested in keeping the house and want to surrender it in the BK. My insurance premium (for vacant dwelling/fire) was paid out of escrow, in my mortgage payment. I was told that the bank was still paying the premiums out of escrow and of course I was not supposed to make any more mortgage payments. Am still hoping for a deed in lieu...
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I understand your pain. I will again urge you to go to your local independent insurance agent. And you must do this in person. This is NOT something that can be done over a website. If you have a landlines telephone, you may be able to handle it over the phone. If your only phone service is via cell, forget it. There are questions the agent or his/her personnel will ask that can only be answered in a personal way.
Here is the link to a thread about insurance that I chimed in on--and I guess I overtook. My saga begins about post #6:
Good luck to you, and please let us know how you make out.
"To go bravely forward is to invite a miracle."
"Worry is the darkroom where negatives are formed."Comment
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Thanks again, Angelina. I will start making some calls. I also wonder if an umbrella policy might be appropriate...if I can get one with my BK. That is another question I will ask the agent. I will keep you posted of what happens.Comment
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This may or may not help your situation, but we just had some friends move in to our home (rent free) as caretakers of the property so we don't have to mess with insurance. They also mow and maintain the property/home. Insurance is happy, the city is happy, and we are happy
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