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My home burned in 08, should homeowners have payoff my heloc when the 1st mortgage was paid?

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June 29 2012 - US
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Profile picture for wetdawgs
It totally depends on the provisions within your insurance policy.   Mine doesn't pay off HELOCs.   In addition, normally the insurance pays off related to the structure and doesn't pay off the mortgage percentage going towards the lot. 
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June 29 2012
 
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