My boyfriends house caught on fire and everything was lost. My son was staying there, rent free, as the home is in the process of a foreclosure. The fire investigator found that the fire is inconclusive as to what started it. Of course there was no homeowners insurance as he walked away from the house about a year and a half ago. My son was in hard times with a new baby and he let them stay there until they could get on their feet. So no money was exchanged.
I have been told that the bank has insurance on the home and they will pay it off and he would be free of the debt. I was also told that he could possibly get the contents of the home reimbursed to a degree.
That is very nice. Glad it may work out.
Is there a question?