I had a house fire in 2001. I sued the insurance company (Allstate) and settled out of court in May. Allstate had sent EMC a check for a substantial amount to pay for damages or pay on the mortgage. EMC took it upon theirselves to put the money in a restricted escrow account (earning interest) This money was recieved by EMC in April.
When I finally got through to the right person to inquire about this money; they told me I would not get the interest, nor would they back date the payment and apply to my mortgage. Had it been appiled to the mortgage, my house would have been paid off and I could be rebuilding. Now I must wait to get the house paid off and then try to start rebuilding.
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