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Will I still owe my home insurance if I lose my house?
Asked by: insurance 1494 views Home Insurance
I can’t afford my home insurance because of severe water damage that caused my insurance premium to go up. I need to file bankruptcy for my bills & I am ready to go into foreclosure because I am on unemployment. I hear that if you don’t pay your home insurance your mortgage company buys home insurance for you at a higher price, forcing you to pay it within your mortgage. What happens if my home goes into foreclosure and I file bankruptcy? Will I still owe my home insurance? Thanks.
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