paying mortgage on a condemned property
One of my rental properties just got condemned. Am I required to still pay the mortgage? by geeber750 from Camarillo, California. Oct 10th 2019
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Sure, that has nothing to do with paying back the money you borrowed.
Sara Deere (Mortgagequeen2)
#15 ranked lender in Missouri - 608 contributions
I agree with the previous answer, you are still required to pay the mortgage. If not legal action will be brought against you by the current servicer of the loan.
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