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House deemed a total loss, we’re looking at a rebuild – do we take the payout or keep our mortgage?
House deemed a total loss, we're looking at a rebuild - do we take the payout or keep our mortgage? Our house was hit by several trees during Hurricane Helene and deemed a total loss by insurance (Allstate). A check for the top of policy limit is currently in the mail, made out to both us and our mortgage company (Mr. Cooper). The check is for ~315k, and remaining mortgage balance is ~240k. This is our first home and we purchased in 2021, our ...
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