Opinion: How home lenders are impeding Californians from rebuilding fire-torn L.A.
Briefly

In January, a family lost their home in the Pacific Palisades wildfire, highlighting the chaotic recovery process. Five months post-disaster, they navigate a complex bureaucratic landscape involving FEMA, the EPA, and their insurer, California's FAIR Plan. Though government employees have shown courtesy, the private sector presents challenges, with some opportunists looking to profit off the misfortune. Most troubling is their experience with the mortgage company, which cashed a settlement check and is demanding extensive documentation before disbursing funds, preventing them from starting reconstruction and profiting from withholding the money. Legislation is being proposed to address these issues.
The lender cashed our settlement check and is now demanding massive paperwork before releasing funds, holding us up from rebuilding while profiting on our insurance money.
Many fire victims are trapped in similar predicaments, with opportunists offering to file claims for a fee, further complicating an already difficult recovery process.
Read at www.mercurynews.com
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