FW: [StBernard] demand letter for mortgage

[Westley Annis]

SBA is full of  %&*#.  But what else is new. State Farm would not do
that. 
They said they were forced to put both us and the mortgage company on
the 
check.  Even before they issued the check they told us in advance it
would 
be that way and they couldn't do anything about it. They said the only
way 
they could issue it to us only was to get a letter or some kind of proof

from the mortagage company that the loan had already been paid off, the
loan 
was not paid off so of course the mortagage company wouldn't put it in 
writing and give us proof of that.  So SBA is wrong to assume the
insurance 
company would do that with a phone call. The mortgage companies put
liens on 
the property, the insurance company is legally bound to put both names 
because of those liens, that's the whole point of it, so the mortagage 
company will get their money before we spend it.

laurie

>--------------------------------------------------->

>SBA will tell you no, you didn't have to pay off your mortgage. They

told 

>us

>we could have called the insurance co to have them re-issue the check

>without the mortgage co's name on the check.

>JMS