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Notes confidential
What does it mean when he says the list of “see notes secret”? However, some confidential information? How is the “distinct”?
Forced the Irish, which is probably the dumbest written response ever and one of them is.Morris to borrow? Well, this is not friendly and understanding from you!
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I was pretty happy when Redfin announced and implemented their "agent notes" feature, it seemed like it might be very helpful. However the quality and usefulness of the notes seems ...
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Yes, they are covered by Home Insurance.
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LikeDislikeyes a mortgage is a loan
dont matter if aliens come take the house to mars you still gotta pay the loan
all the best
Ian
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LikeDislikethey either have to continue paying the mortgage, or their home owner insurance will pay the loan off and give the owners the balance, if any (providng they have insurance)
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LikeDislikeYes they should. It is personal debt. The owners must still pay for the home. Hopefully they have insurance to rebuild or pay off the debt. The bank will hold the owners responsible, and they should. No one forced them to go in debt.
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LikeDislikeOf course they do. Why would the mortgage company take a loss because of someone Else’s misfortune? This may be the dumbest question ever asked.
Why do you ask a question and then insult people when they post an answer?
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LikeDislikeYes, as long as they have adequte fire coverage. My homeowners insurance has Flood, and Fire coverage for the amount of my house. That way, if something happens, I can take my land, and use the insurance money to rebuild, or I can pay off my loan and sell the land for what it’s worth to a contractor who will build a new home for someone else,
However, there are some people who won’t take certain covereages, like me, I don’t have Earthquake coverage, because we live so far from any fault, however if a freak earthquake comes by and destroys my house, my insurance wont pay off…. I hope those people have good coverage.
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LikeDislikeIn short – yes, regardless of insurance, they will have to pay off the remaining ballance of their mortgage. If they are uninsured, then they would likely have to consider filing for bankruptcy.
On the other hand, if they are properly insured for replacement value, they should be able to have their residence rebuilt with little out of pocket expences (again, this depends on deductible, content coverage vs value insured, etc).
In the end, while they have suffered a devastating loss, they are still liable to any debt they have to their mortgage companies.
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