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Home foreclosed on, included in Chapter 7. Flooded. No insurance

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    #16
    Originally posted by ELBKnow View Post
    I do wonder since it was an older home, if they may or may not have done it purposely to get their insurance to pay for some updates. Is that possible?
    I think that would be a criminal act on the bank's part if they did it. Insurance fraud, I believe, so I don't think they would do it. Not enough of a pay-off. I think they're more selective about their criminal activities.
    There are two secrets for success in life:
    1.) Never tell everything you know.

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      #17
      I do wonder since it was an older home, if they may or may not have done it purposely to get their insurance to pay for some updates. Is that possible?

      ...falls under my brother Eds law: never attribute to malice things adequately explained by incompetence
      Ch7 filed 5/12/2010.....341 meeting 6/30/2010....report of no distribution 8/15/2010.....discharged 10/01/2010.....closed 11/09/2010

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        #18
        Originally posted by tcreegan View Post
        I do wonder since it was an older home, if they may or may not have done it purposely to get their insurance to pay for some updates. Is that possible?

        ...falls under my brother Eds law: never attribute to malice things adequately explained by incompetence
        Makes the most sense.

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