Fire… why was it set?

[djrobsd]

If I remember hearing correctly on Sunday afternoon they were saying the cause of the witch fire was a downed powerline. I’d HARDLY call that arson!!!

[kev374]

If you have a mortgage, the lender will probably require you to have homeowners insurance. The coverage amount only covers the cost to replace or rebuild the actual structure. They don’t insure the value of the land since it doesn’t burn.

Nothing ignorant about the post. The original speculation was that someone was seeking vengence because they were foreclosed upon or they are at the state where they are about to get foreclosed.

It is commonly known that many people in foreclosure destroy and deface their property before giving it to the bank. So speculating that some guy was so pissed that he said “f**k this whole neighborhood” and did something isn’t that hard to believe.

[kev374]

If you have a mortgage, the lender will probably require you to have homeowners insurance. The coverage amount only covers the cost to replace or rebuild the actual structure. They don’t insure the value of the land since it doesn’t burn.

Nothing ignorant about the post. The original speculation was that someone was seeking vengence because they were foreclosed upon or they are at the state where they are about to get foreclosed.

It is commonly known that many people in foreclosure destroy and deface their property before giving it to the bank. So speculating that some guy was so pissed that he said “f**k this whole neighborhood” and did something isn’t that hard to believe.

[kev374]

If you have a mortgage, the lender will probably require you to have homeowners insurance. The coverage amount only covers the cost to replace or rebuild the actual structure. They don’t insure the value of the land since it doesn’t burn.

Nothing ignorant about the post. The original speculation was that someone was seeking vengence because they were foreclosed upon or they are at the state where they are about to get foreclosed.

It is commonly known that many people in foreclosure destroy and deface their property before giving it to the bank. So speculating that some guy was so pissed that he said “f**k this whole neighborhood” and did something isn’t that hard to believe.

[Anonymous]

In the winds we have been having an ember can travel 500 yards in 20 seconds. That is why you see one home destroyed while others around remain untouched. It happened 4 years ago as well.

So, a person being forclosed on lights up his home out of anger… yeah I could see maybe one or two. Come on, is there no rule here that you have to think a little before posting.

Once again, the insurance companies do not pay off your mortgage because your home is distroyed. Take a second to think about your post before posting.

This fire only benefits the home builders & remodelers. I don’t believe for a second they set the fires just as I don’t believe we are in Iraq for the oil.

[Anonymous]

In the winds we have been having an ember can travel 500 yards in 20 seconds. That is why you see one home destroyed while others around remain untouched. It happened 4 years ago as well.

So, a person being forclosed on lights up his home out of anger… yeah I could see maybe one or two. Come on, is there no rule here that you have to think a little before posting.

Once again, the insurance companies do not pay off your mortgage because your home is distroyed. Take a second to think about your post before posting.

This fire only benefits the home builders & remodelers. I don’t believe for a second they set the fires just as I don’t believe we are in Iraq for the oil.

[Anonymous]

In the winds we have been having an ember can travel 500 yards in 20 seconds. That is why you see one home destroyed while others around remain untouched. It happened 4 years ago as well.

So, a person being forclosed on lights up his home out of anger… yeah I could see maybe one or two. Come on, is there no rule here that you have to think a little before posting.

Once again, the insurance companies do not pay off your mortgage because your home is distroyed. Take a second to think about your post before posting.

This fire only benefits the home builders & remodelers. I don’t believe for a second they set the fires just as I don’t believe we are in Iraq for the oil.

[TemekuT]

Re: sandiego’s post:

I don’t think the homeowner just gets the money. The lender is coinsured and the policy is required as a condition of funding the loan to protect the lender’s interest, not the buyer’s. I surmise any insurance settlement check would go into an escrow account and be paid out by a trustee directly to a contractor. I think the only money that goes immediately and directly to the homeowner is for temporary living expenses.

[TemekuT]

Re: sandiego’s post:

I don’t think the homeowner just gets the money. The lender is coinsured and the policy is required as a condition of funding the loan to protect the lender’s interest, not the buyer’s. I surmise any insurance settlement check would go into an escrow account and be paid out by a trustee directly to a contractor. I think the only money that goes immediately and directly to the homeowner is for temporary living expenses.

[TemekuT]

Re: sandiego’s post:

I don’t think the homeowner just gets the money. The lender is coinsured and the policy is required as a condition of funding the loan to protect the lender’s interest, not the buyer’s. I surmise any insurance settlement check would go into an escrow account and be paid out by a trustee directly to a contractor. I think the only money that goes immediately and directly to the homeowner is for temporary living expenses.

[sandiego]

The loan docs will spell out how the proceeds of an insurance settlement will be paid out.

[sandiego]

The loan docs will spell out how the proceeds of an insurance settlement will be paid out.

[sandiego]

The loan docs will spell out how the proceeds of an insurance settlement will be paid out.

[TemekuT]

Thanks for the clarification. It just didn’t seem logical to me that the insurance company would hand cash to the buyer if the lender was coinsured.

[TemekuT]

Thanks for the clarification. It just didn’t seem logical to me that the insurance company would hand cash to the buyer if the lender was coinsured.

[Author]

Posts