profile image 56

Like you we purchased a 2 unit property in Buffalo 3 years ago and had so many problems ever since


As of 25th of this month (Feb) our insurance company have refused to re insure us because we have claimed 3 times in last 3 years, we have had a lot of vadalism / theft to our property recently and the cost is going to be thousands that we need to spend on it, but with no property insurance we do not feel it is worth it, we are now considering foreclosing and letting the bank take it back, but dont know what the consquences are, we live in the UK can they sue us for the money if the property is now worth less?

 

sort by best latest

Charles S profile image80

Charles Russell Stockdale (Charles S) says

You can help the HubPages community highlight top quality content by ranking this answer up or down.

6 years ago
 |  Comment