Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

House robbed while in forclosure

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • House robbed while in forclosure

    My house is in foreclosure and included in my chapter 7 which has been discharged. We have been living in the house and the bank has paid the home owners insurance.
    We left town for the holidays and I just found out that my house was robbed and the thieves used my truck to haul away everything. Unbelievable! My truck was recovered.

    I will really be happy to see 2010 go away!

    My question is will the home owners still cover the items that were stolen from the house?

  • #2
    sorry to hear about that!! unfortunately one of the draw backs of not paying and staying....

    and for that matter if the insurance is paid by the bank and the house is still in YOUR name and no deed transfer i would call the insurance company and try putting in a claim.....after all...the insurance that is being paid by the bank is part of the foreclosure fees and costs that YOU are charged with and are including in the costs at the time of foreclosure....

    might be worth a shot.....
    8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

    Comment


    • #3
      I'm sorry for what happened to you.

      The bank's insurance protects them, but does nothing for you. They name themselves as loss payee for damages (like fire, flood, etc) that would impact the sale price of the home. They don't name you & they do not pay to insure your personal belongings or provide any personal liability coverage for you. I don't think there is anything you can do.
      There are two secrets for success in life:
      1.) Never tell everything you know.

      Comment


      • #4
        Originally posted by debee View Post
        I'm sorry for what happened to you.

        The bank's insurance protects them, but does nothing for you. They name themselves as loss payee for damages (like fire, flood, etc) that would impact the sale price of the home. They don't name you & they do not pay to insure your personal belongings or provide any personal liability coverage for you. I don't think there is anything you can do.
        that's probably.........JUST probably right!!

        it's usually difficult to ask, but it doesn't hurt...for all one knows since the banks are so inept maybe they just left the existing policy in effect...i know that wasn't the case with our house...the homeowners when under the banks umbrella foreclosure insurance...it would have been no help to us had we been there when or if something happened to our personal items while in foreclosure....

        however, there was truck involved and if car insurance was maintained by OP on that...there could be a claim...
        Last edited by tobee43; 12-22-2010, 01:54 PM.
        8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

        Comment


        • #5
          It really depends on the homeowners policy that the OP has. Just because the mortgage company paid the policy doesn't mean its a lender-placed policy. What needs to happen is you need to find out if the policy that is on the home is the same policy that you had prior to foreclosure. If it is then its more than likely a standard homeowners policy that covers personal effects. P.s. Sorry to hear what happened I wish you luck in the new year
          Filed:11/2010
          341 Meeting:1/5/2011
          Discharge:3/2011

          Comment


          • #6
            What a set of coglioni -- they robbed your stuff using your own truck.

            Sorry to hear of your loss. Frankly, I doubt there's anything you can do about it insurance-wise. I guess it wouldn't hurt to try, as long as you make the claims honestly (so you can't be accused of fraud). But I wouldn't get my hopes up.

            -Rich
            Filed Chapter 7: 8/24/2010. Discharged: 12/01/2010
            Member and Exalted Grand Master: American Sarcasm Society (A.S.S.).

            Comment


            • #7
              Originally posted by garyp15 View Post
              My house is in foreclosure and included in my chapter 7 which has been discharged. We have been living in the house and the bank has paid the home owners insurance.
              We left town for the holidays and I just found out that my house was robbed and the thieves used my truck to haul away everything. Unbelievable! My truck was recovered.

              I will really be happy to see 2010 go away!

              My question is will the home owners still cover the items that were stolen from the house?
              If your home is in foreclosure that means you stopped making mortgage payments and those payments probably included escrow to pay for your insurance and taxes. What the bank has probably done is taken out an insurance policy on the house declaring itself as the loss payee since you breached your mortgage contract by not making payments. The bank protected itself in case of a fire or other loss/damage. Your personal effects are probably not covered by that policy and the bank would not cover items owned by you. When you stopped making your mortgage payments and went into foreclosure you should have contacted your insurance carrier to protect yourself as to this situation. The only thing you can do is contact the insurance carrier through which you had your house insurance and see if that policy has lapsed as that depends upon when you went into foreclosure. Your escrow is used once a year to pay for a full year's worth of house insurance. What was the end date of your house policy? If it has not passed, you may be in luck.
              _________________________________________
              Filed 5 Year Chapter 13: April 2002
              Early Buy-Out: April 2006
              Discharge: August 2006

              "A credit card is a snake in your pocket"

              Comment


              • #8
                Originally posted by beyoka
                really sorry to hear that .
                but it is really a big point that you raised , what to do if the house is robbed and you are just staying there as a rentee , who will get the payment ?
                If you are renting a house and the house is robbed and your contents taken, if you do not have renter's insurance for your personal items, you are out of luck. If there is damage to the rental house or items removed that were attached to the rental house, the owner has their own insurance coverage to take care of that; the owner's coverage does not cover the renter's personal items.
                _________________________________________
                Filed 5 Year Chapter 13: April 2002
                Early Buy-Out: April 2006
                Discharge: August 2006

                "A credit card is a snake in your pocket"

                Comment


                • #9
                  Originally posted by Flamingo View Post
                  If your home is in foreclosure that means you stopped making mortgage payments and those payments probably included escrow to pay for your insurance and taxes. What the bank has probably done is taken out an insurance policy on the house declaring itself as the loss payee since you breached your mortgage contract by not making payments. The bank protected itself in case of a fire or other loss/damage. Your personal effects are probably not covered by that policy and the bank would not cover items owned by you. When you stopped making your mortgage payments and went into foreclosure you should have contacted your insurance carrier to protect yourself as to this situation. The only thing you can do is contact the insurance carrier through which you had your house insurance and see if that policy has lapsed as that depends upon when you went into foreclosure. Your escrow is used once a year to pay for a full year's worth of house insurance. What was the end date of your house policy? If it has not passed, you may be in luck.
                  actually, the example given here is what happened with us.

                  however, we did not elect to not pay and stay....and to our surprise approx. 6 months later we rec'd a check reimbursement for the homeowners insurance for that year. i called the insurance company immediately and said the insurance payment had been in escrow and the bank pd them.

                  the insurance promptly reminded us, no, you pd the bank....so the money is actually yours, since as flamingo's example states. had something happened within that "years" coverage time, although we had not pd the mortgage, our insurance company would have covered our losses....but ONLY under those circumstances. we then asked if we could retain the insurance on the house although vacate...unfortunately, we could not....the bank has an umbrella policy as i previously stated to cover liability and loss against fire, break ins, etc.

                  once again best of luck to you!
                  8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

                  Comment


                  • #10
                    You need to find out what type of insurance is on the house. Is it really homeowners insurance, or did the bank force place coverage for their protection.
                    All information contained in this post is for informational and amusement purposes only.
                    Bankruptcy is a process, not an event.......

                    Comment


                    • #11
                      All here feel the same. Yes, bad time for bad news but until you contact your carrier, you won't know.

                      In the event of total loss, attempt to turn the lemon into lemonade as a loss on your income taxes. I know that is no conciliation, but half of something is better than all of nothing. If you can, still, have a Merry Christmas anyway. 'Hub

                      http://www.putnamcountycemeteries.org/Calvin/Daisey.htm

                      (The audio does not play in Firefox/Mozilla.)
                      Last edited by AngelinaCatHub; 12-23-2010, 10:24 AM. Reason: Added the notice about Firefox.
                      If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.

                      Comment


                      • #12
                        Great News!.....Just found out that my homeowners will cover the losses!! Happy New Year!!! Adios 2010....Bring on 2011!!
                        Thanks to everyone on BK for all the info and compassion!
                        A Blessed New Year to all!

                        Comment


                        • #13
                          That's awesome

                          Comment


                          • #14
                            Originally posted by garyp15 View Post
                            Great News!.....Just found out that my homeowners will cover the losses!! Happy New Year!!! Adios 2010....Bring on 2011!!
                            Thanks to everyone on BK for all the info and compassion!
                            A Blessed New Year to all!
                            COOL!!!!!!! so it was still in place.......it NEVER hurts to ask!!!!!!

                            GREAT news!!!!!!
                            8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9

                            Comment


                            • #15
                              so glad for some GOOD news!

                              Keep On Smilin'

                              Comment

                              Unconfigured Ad Widget

                              Collapse
                              Working...
                              X