What Happens to Your Mortgage if your Home is Destroyed by Wildfire
What happens to your mortgage if your home is destroyed in a wildfire? California homeowners, this is a critical question, especially after the recent LA fires.
Here’s what you need to know:
✅ Your mortgage payments don’t stop—even if your home is gone.
✅ Contact your lender for disaster forbearance to pause or reduce payments. ”
✅ File an insurance claim ASAP; payouts can help rebuild or pay off the mortgage.
✅ Explore FEMA and other disaster assistance if insurance doesn’t cover everything. Staying proactive is key. Communicate with your lender, stay informed, and don’t navigate this alone.
If you have questions about your mortgage or need guidance during this difficult time, I’m here to help.
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