I have a question about home owners insurance with a foreclosure. So far in my FC process the bank has been paying insurance through escrow and that gets tacked into the fees, etc. Today I got a letter from my insurance company saying that the renewal bill has not yet been paid and that it will expire end of month if it is not paid. States on the notice that an invoice has also been sent to the bank for payment as well.
Is it normal for a bank to stop paying insurance via escrow in an ongoing FC case? The house was discharged in BK7 so I am not concerned about damaged, but I am concerned about contents and liability.
Should I wait this out another week to see if the bank pays? I am hesitant to call up the bank and ask if they paid or question why they haven't paid yet.
Thoughts?
Thanks
Is it normal for a bank to stop paying insurance via escrow in an ongoing FC case? The house was discharged in BK7 so I am not concerned about damaged, but I am concerned about contents and liability.
Should I wait this out another week to see if the bank pays? I am hesitant to call up the bank and ask if they paid or question why they haven't paid yet.
Thoughts?
Thanks
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