Need help - insurance / mortgage holder issue.
Applying for a HELOC and during the process is come up that my insurance on the house refers to the wrong bank. Specifically it's the bank that held the mortgage three mortgages ago.
The current bank I have the mortgage with won't go forward with the HELOC until I correct this. My insurance broker says I need to get the payout letter showing bank A was paid so they can update things.
My problem is that bank A was paid out seven years ago and they were completely useless. It'll take forever to get anything from them showing they were paid off (A-->B).
I can probably get something from bank B in a couple of days saying they were paid out (B-->C). But the insurance broker isn't sure that will work as it's still bank A on the insurance forms.
Anyone have a quick solution to break this log jam? I'm already peeved because the original application got messed up during a staffing handover. I've made some commitments assuming the original timelines so I need some speed.
tia
The current bank I have the mortgage with won't go forward with the HELOC until I correct this. My insurance broker says I need to get the payout letter showing bank A was paid so they can update things.
My problem is that bank A was paid out seven years ago and they were completely useless. It'll take forever to get anything from them showing they were paid off (A-->B).
I can probably get something from bank B in a couple of days saying they were paid out (B-->C). But the insurance broker isn't sure that will work as it's still bank A on the insurance forms.
Anyone have a quick solution to break this log jam? I'm already peeved because the original application got messed up during a staffing handover. I've made some commitments assuming the original timelines so I need some speed.
tia