What Happens To Your Mortgage If Your House Is Destroyed | Episode 42

Summary In this episode of Mortgage Monday, hosts David Green and Christian Baschelder discuss the implications of mortgage obligations when a home is destroyed, particularly in the context of natural disasters. They explore the importance of homeowners insurance, specifically loss of use coverage, and the options available to homeowners in the event of catastrophic loss. The conversation also touches on the potential for foreclosure and credit implications if mortgage payments cannot be met. Finally, they provide advice on managing insurance and taxes effectively. Chapters 00:00 Introduction to Mortgage Monday 03:04 Understanding Mortgage Obligations After a Disaster 05:53 Insurance Coverage and Loss of Use 09:13 Navigating Foreclosure and Credit Implications 11:05 Advice on Insurance Management Podcast: The David Greene Show Spotify, Apple Podcasts Book a session with David: Help@DavidGreene24.com Ask a Question: DavidGreene24.com/ask Find me on the “Minnect” app Real Estate University: SpartanLeague.com Join my Free Newsletter: Davidgreene24.com/textletter Finance Your Real Estate: TheOneBrokerage.com Intake@TheOneBrokerage @theonebrokerage Free Textletter: DavidGreene24.com/join STR Management: STR@DavidGreene24.com Investor Retreat: DavidGreene24.com/retreat Subscribe to The David Greene Show! Apple: https://podcasts.apple.com/us/podcast/the-david-greene-show/id1755485708 Spotify: https://open.spotify.com/show/5Nu6kCJTVzM2x2WsujqBOZ Submit your question for David: https://davidgreene24.com/ask