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Updated over 7 years ago, 09/04/2017
What happens to liens in Houston Texas?
What is going to happen to the 80% of homes that did not have flood insurance in Houston Texas? I assume the mortgages are not forgiven but I also doubt owners will continue to pay for nothing. The bank will have nothing of value to collect in some cases except a home that is destroyed.
Will banks sell the liens with the property? How will it be reset?