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Updated over 9 years ago,
Lender insurance claim question
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.