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Could you insure yourself either given the fact that- you bought the property on mortgage? A mortgage does not generally have the legal effect of insurance. You owe the debt to the lender, which is a strict liability obligation, without regard to the value of the collateral. So, if the collateral is devalued, you still owe the debt, whether or not the ...


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Yes You have a contract and, while I don't know what it says, its a fair bet that not making payments the contract requires you to make would be a breach of that contract. This would allow the other party to sue you for the unpaid fees as well as interest on them and the consts of collection (collection agency fees, legal fees etc.). In addition they can ...


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