I am closing 2 weeks from today and my insurance is paying to replace the roof on my current home. They issued a check to me last week for ACV and will issue the balance minus my deductible once the roof is replaced. The issue is, the initial check was made out to me AND my mortgage company meaning I have to send the check to be endorsed, they send it back, and I then deposit the funds ($7500). This process can take 7-10 business days and we are wanting to get this deal closed. We agreed to pay the contractor at closing and I would just keep the insurance checks once they are received and we are all good at no additional cost to me, seller, or contractor.

My question is, am I going to have any issue collecting and/or depositing the money from insurance if I pay for the roof "out of pocket" at closing?

I don't want to be stuck holding a $15K bill due to some technicality I haven't thought of. Realtors are comfortable with it, but it's not their $15K and they want to get the deal closed ASAP.