Real Estate Law
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Well, it is in foreclosure, so the bank pays it. It is lender placed. When I called it was the actual servicer of the bank (the original IndyMac bank no longer exists). It is now IndyMac mortgage servicer. I spoke to customer service and the claim division. The rep had customer service come on the line and no one found a record of my loan in order to process the claim. They do not have my loan in the computer whatsoever. Like I never existed, made a payment, or had the loan.
Usually, once it has been discovered that a mortgaged property is not insured by the mortgagee, coverage must be "placed" in force by the bank.
Most bank mortgage impairment policies allow 90 days to place alternate coverage from the time it is discovered that an insurance policy has lapsed. Forced-placed policies are one way to insure a customer's property when the customer fails to obtain insurance. The amount of coverage is usually the amount of the outstanding loan. Banks can (in most states) charge the premium back to the customer's account.
Are you sure that the lender placed your property in their impairment policy (the forced-placed policy)? If so, how are you sure?
Moreover, what type of claim (for what) are you making against the insurance policy?
I am sorry, but I do not think you are understanding my question. This is not an insurance question. It is about the bank not finding my loan whatsoever.
An action to quiet title is a lawsuit brought in a court having jurisdiction over land disputes, in order to establish a party's title to real property against anyone and everyone, and thus "quiet" any challenges or claims to the title.
If they have nothing recorded and no record of your loan that is suspect. A great deal of loan paper was lost in the shuffle and documents were not properly recorded. It is certainly worth investigating.
Has your attorney checked the recordings?
I see online where to get a copy of my deed, but I don't see where I would see if there was a lien. Do you know if that would be on the deed or elsewhere with the clerk?
I hope that helps.
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