Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax Liens & Mortgage Notes
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

134
Posts
30
Votes
Gabe K.
  • Huntington Beach, CA
30
Votes |
134
Posts

Lender insurance claim question

Gabe K.
  • Huntington Beach, CA
Posted

Hi Fellow Note Investors,

I have a note on a house where a wall caved in and I filed an insurance claim (in process).  However, we are at the end of the foreclosure and the house is going to sheriff's sale very soon.  My questions are:

1) If the house goes to sheriff's sale before the claim is finished do we still get the insurance proceeds?

2) If I sell the note now, who gets the insurance proceeds when the claim is settled?

Thank you.

Loading replies...