My rental house is not covered by insurance, what will happen if

The house worth $300,000. I put 60K downpay and borrow the rest from the bank. Do I need to pay back all 300k to bank if the house is totally damaged? can I claim bankrupt so I only lose 60K?

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• 回复：My rental house is not covered by insurance, what will happen -bridgeplayer- ♂ (89 bytes) () 04/07/2008 postreply 14:39:24

• The least you still have the land -chalky- ♂ (227 bytes) () 04/07/2008 postreply 15:18:59

• With a mortgage, you are required to purchase -tank- ♂ (215 bytes) () 04/07/2008 postreply 19:08:23