When Should I File a Home-Owners Insurance Claim?

Regardless of payment to a claimant; whether or not you file or don’t ultimately file the claim; or whether it is denied or accepted; a call to your insurance company will most likely end up on your report. If you’ve experienced a property loss (flood, fire, etc.) it doesn’t necessarily mean you should file an insurance claim. Here are a couple of things to think about before you file an insurance claim:

How far can a Mortgage Lender go to collect Deficiency Judgments?

There is no guarantee that the lender will always try to collect the deficiency judgment. Yes, having a judgment doesn’t mean the lender will surely collect it. After all, lenders will have to spend enough to pursue the collection. Only if you’ve enough bank balance, steady source of income or other real estate properties, then your lender may try to collect the judgement.