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My mortgage was recently paid off via force placed insurance. What documentation should I receive and when?

Am I entitled to details regarding the payoff and what becomes of the money I had in my escrow account?
By itsvicthechic685 from IA Feb 26th 2015
Reply

Forced place insurance is a policy which you pay for, but the beneficiary is the lender.. i'm not sure if your entitled to any escrow refunds.. you can contact your lender and ask for a copy of the FPI policy.. or contact a local attorney who is familiar with real estate law.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 26th 2015

The lender is required to give you an accounting within 60 days.

Feb 26th 2015

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