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Response to Voluntary Repossesion / Insurance Claim

from David J. Button (davidjohnbutton@supanet.com)
If you leave the house permanently and give up possession of it to your lender, they will sell it and you will be liable for any shortfall between what they sell it for and what you owe.

You cannot claim off your insurers for loss of value - your insurers wil reinstate the property so as to put you back in the same position as you would have been had the subsidence not occurred.

Walking away from a problem never solves it!!

(posted 7121 days ago)

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