Do we have to notify Mortgage lender?

by Guest » Mon Oct 07, 2013 04:56 pm
Guest

Our acreage was burned due to a neighbor's out of control burn pile. No buildings or personal property were damaged. We contacted our insurance company and they helped us file a claim. The neighbor's company settled with us for the loss of trees and damage to our driveway(from fire trucks).
We have received the check, and it is made out to us only. Do we have an obligation to contact our mortgage company about this? Neither insurance company mentioned it at all, and our insurance company has our lender on record.

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