Real Estate Law
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Hello Karrie: What an awful situation to be involved in. Basically, depending on the type of insurance coverage you had, (replacement cost or cash value) the mortgage should be fully paid off, and any overage should be remitted to you. You will own the damaged home and the land free and clear. Depending on your credit, you can locate a contractor to fix the home and obtain a new mortgage for that purpose. I hope this answers your question about what can you do.
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