“Wildfires, Insurance & Mortgages: Will Your Home Survive the Financial Aftermath?”
Esquire Property Management Group
MARCH 3, 2025
On February 3, 2025, National Mortgage News reported that approximately $11B of outstanding mortgage debt on homes in Los Angeles, California are affected by the 2025 wildfires. This ensures that the lender is fully compensated even if the physical property is lost. California Insurance Code Section 2051.5
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