re: I was on TV again tonight and I wore even tighter pants! Update!

I'm dealing with the same mess from a hail storm in Texas, the Mortgage Co has been holding my money since April.

I'm not saying you are doing it wrong OP, but I can see why they are 'requiring' this. It's so that if something goes wrong, someone with a professional license is held accountable. There is a percentage and it's probably pretty large of DIY guys that would do something fairly majorly wrong, furthermore there is a percentage of people that would take the money and not repair their house.

So I feel for you but I don't know what the right answer is if you have a mortgage.

It has been discussed but why should I pay anything more because Chase doesn't want to follow the rules. I think Chase should be happy that I am the only person on my block with flood insurance. Everyone else on my street got around $14k, I couldn't do my kitchen for that.

You kinda sound like Marty Huggins

It's been more than seven years so I can say it. After Katrina me and my dad did all the work. Even hooked our house back up to city power and everything. Our way around it was we found bent contractors who would sign off things for payment. As long as you do good enough work they had people willing to sign off on it. Illegal, yes. But we had our house back going while most where in FEMA trailers. And we took a direct tornado hit in Katrina. Lost the whole second floor. (first floor was fine b/c didn't flood)

quote:

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Home improvement contractors are required to register with the Board in order to perform services in an amount between seven thousand five hundred dollars ($7,500) and seventy-five thousand dollars ($75,000). Contractors who hold valid commercial or residential licenses with the Board are exempt from this registration requirement. Home improvement contractors are required to submit certificates evidencing workers’ compensation coverage in compliance with Title 23 of the Louisiana Revised Statutes of 1950 and general liability insurance in a minimum amount of one hundred thousand dollars ($100,000). Home improvement contractors performing work in excess of $75,000, including all labor and materials, are required to be licensed as a residential building contractor. All home improvement registrations expire on the anniversary of the date on which the registration was originally issued, and become invalid on the expiration date unless renewed annually

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This is what Chase sites as the reason I can't build. The state says that everything written above pertains to people working on other people's houses.

The key is to not have everything at one bank. If bank A holds your mortgage then go to bank B for your auto loan, and keep you checking and savings acct at bank C.