[StBernard] sba loans

[Westley Annis]

concerning damage letter.loan in your orginal mortage agreement. there
should me a clause that says something about the mortage must be paid off in
the event of extensive damage.
also call your loan officer that processed the orginal loan, she/he may be
able to get that demand letter.

Judy



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

>

>I would like to know if anyone who had flood insurance got approved for 

>a SBA loan and actually went through the whole process yet.  I was 

>declined because they said insurance proceeds meet my needs.  However, 

>I used the proceeds to pay off my mortgage with only a couple of thousand

remaining.

>My mortgage company has not been helpful in supplying a demand letter 

>for me.  Was anyone successful in getting a demand letter?  Any advice 

>or further info on this would be appreciated.

>

>KM

>