What happens to a mortgage when the house is destroyed?
What happens to a mortgage when the house is destroyed?
What happens if your house is destroyed? You must continue to pay your mortgage even if your home is destroyed or unlivable due to a disaster. Failure to pay your mortgage could put your loan in default, which could trigger a foreclosure.
Do refrigerators burn in house fires?
Hide your items in an appropriate, fireproof location. A fridge or freezer is definitely the most effective choice, as such items are the most likely to survive a house fire.
What will not burn in a house fire?
Gold melts around 2,000°F, platinum at 3,200°F, and diamonds around 6,000°F, so there is a very good chance those items along with other jewelry survived the inferno. Many gemstones like rubies and sapphires have similarly high melting points.
