Posted on: 05th Jul, 2010 12:11 am
due to a fire, the proceeds will not completely repair my home. I have 82000 due on the mortgage, the house may be worth 30 in todays market, i have at least 80000 in damage, is my only option bankrupt to get out of repairs and mortgage?
i'd rather use 5000 to purchase a home and 30000 to fix it up rather than have a mortgage, agree
bankruptcy the only forseeable option
Hi I think bankcruptcy is term used when you are unable to make mortgage payments monthly...
what exact you want to ask....please be specific....not getting clear idea about your problem....
what exact you want to ask....please be specific....not getting clear idea about your problem....
i think you want to ask about insurace covered for fire loss...right?
if you have proper insurance policy then you can used that policy for return on the fire loss.
Please see with your insurance policy.
if you have proper insurance policy then you can used that policy for return on the fire loss.
Please see with your insurance policy.