My home burned total loss. I sent check to Chase they paid o

by travlerh » Thu May 06, 2010 12:01 am

My home burned total loss. I sent check to Chase they paid off the mortgage. How long should it take for the to send me the balance. Over$200000

Total Comments: 1

Posted: Thu May 06, 2010 05:56 am Post Subject:

If Chase was your mortgage holder, they should have been named as a joint payee on the check. If not, then they should have been named the sole payee.

If the check amount is for more than the balance owed on the mortgage, Chase owes you a refund.

Usually, when an insurance company writes a check, it is for payment in full relative to the loss.

Have you left out any important details?

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