Get the free Loss Draft Mortgagor Affidavit - Origin Bank
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Origin Bank
Mortgagors Affidavit of Repair Certification Loss Draft Funds Release Date:Loan Number:Property Address:
Property State:County/Parish:I/We, the undersigned mortgagor(s), hereby state that
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How to fill out loss draft mortgagor affidavit
How to fill out loss draft mortgagor affidavit
01
Obtain a copy of the loss draft mortgagor affidavit form from your mortgage lender or insurance company.
02
Gather all the necessary documentation such as proof of insurance, repair estimates, and any other required paperwork.
03
Carefully review the form and fill in all the required information accurately. This may include your personal details, loan information, insurance claim details, and the amount of the insurance proceeds.
04
Attach all the required supporting documents to the affidavit form. Ensure that you have copies and keep the originals for your records.
05
Sign and date the affidavit form.
06
Submit the completed affidavit form and supporting documents to your mortgage lender or insurance company as instructed.
Who needs loss draft mortgagor affidavit?
01
Anyone who has experienced damage to their property and needs to make an insurance claim through their mortgage lender
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What is loss draft mortgagor affidavit?
The loss draft mortgagor affidavit is a legal document that the borrower completes when they receive insurance proceeds for damages to their property that is secured by a mortgage.
Who is required to file loss draft mortgagor affidavit?
The borrower or mortgagor is required to file the loss draft mortgagor affidavit.
How to fill out loss draft mortgagor affidavit?
The borrower must complete the affidavit with accurate information about the insurance claim, the amount of the insurance proceeds, and how the funds will be used to repair the damaged property.
What is the purpose of loss draft mortgagor affidavit?
The purpose of the loss draft mortgagor affidavit is to ensure that the insurance proceeds are used to repair the property that secures the mortgage.
What information must be reported on loss draft mortgagor affidavit?
The borrower must report details about the insurance claim, the amount of insurance proceeds received, and how the funds will be used.
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