General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago,
Do I need an attorney for insurance payment to lender
My property was destroyed by tornado and considered a total loss. I bought the property a couple of months ago using hard money. Now my insurance company sent the payment to me. The check needs to be endorsed by both me and the lender. My lender wants me to give them the check and deposit it. They said they would figure out how much they give back to me.
My question is: is this standard transaction? Should I get an attorney for this?