Getting Mortgage On a Fire Damaged Property: A Complete Guide
Purchasing a home is a monumental decision, and the stakes are even higher when considering a fire-damaged property. For many potential buyers, the first question that arises is whether it’s even possible to secure financing for such a property. In this article we shed light on the complex landscape of obtaining a mortgage on […]
Do I Still Owe My Mortgage if My House is Destroyed by Fire?
If your house is destroyed by fire, you may still owe your mortgage, depending on your specific circumstances and the terms of your mortgage contract. Generally, when you take out a mortgage to purchase a home, you agree to repay the loan over a set period of time, typically 15 to 30 years. The […]
Overcoming the Shock & Trauma of a House Fire
One of the biggest obstacles many house fire victims face is overcoming the shock and trauma of the event, and this emotional upheaval can complicate the decision-making process, especially when they have to consider whether to sell a fire-damaged house or not. After all, most people don’t expect a house fire to occur .. […]
Secure Your Fire-Damaged Home Site to Avoid Personal Injury Suits
As a homeowner faced with the aftermath of a house fire and the daunting decision of whether to rebuild or sell a fire-damaged house, the last scenario anyone wants to encounter is being sued by a curious neighbor who sustained injuries within your burned home. This highlights the critical necessity of taking steps to […]
How to Avoid a House Fire This Fourth of July
Statistics indicate that in 2018, fireworks started an estimated 19,500 fires, highlighting a critical House fire this Fourth of July concern. That number includes 1,900 structure fires as well as 500 vehicle fires. In addition, there were 17,100 fires that were classified as “outside” or “other.” As we celebrate our nation’s Independence Day, you […]
Getting Your Finances in Order After a House Fire
A major event like a house fire may cause you to want to take a step back and reassess your financial situation. Of course, there is a lot going on after a house fire with the insurance settlement and deciding whether you want to repair or sell a fire-damaged house … But if you […]
How to Live on a Budget After a House Fire
There is never a good time to have a house fire but economic conditions today can be particularly hard on house fire victims. On top of that, the financial burden of restoring a damaged home can be immense that many house fire victims might find it more feasible to sell a fire-damaged house instead. […]