Submitted:
Saturday, May 17, 2003
Last posting: Wednesday, August 11, 2004
Clarksville,
Tennessee
I had a house fire in 2001. I sued the insurance company (Allstate) and settled out of court in May of 2003. 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 of 2002.
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.
Leonard
Clarksville, Tennessee