ALTADENA, California — This California grandmother’s newly renovated house was completely demolished by the deadly LA wildfires — but she’s still on the hook for the $800,000 mortgage she took out to pay for the upgrade.
Miriam Cotero, a 46-year-old Costco worker, had just finished the upgrade — which valued the house at $1.2 million — when the Eaton Fire tore through her neighborhood on Jan. 8.
But because she hadn’t yet upgraded her insurance on the property, where she and her family had lived for years, she said she’s only covered for $200,000.
“I had insurance,” Cotero told The Post Sunday.
“We went from one bedroom and one bathroom to three bedrooms, two bathrooms and an attached garage. The insurance wasn’t updated to reflect the changes.”
“We had just appraised it, because we had it refinanced, and it was appraised for $1.2 million. We borrowed to remodel and the money I owe on the house right now is $800,000.”
Cotero said she bet everything on the family home, and it’s…
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