If you lost your home in a wildfire, what happens to your mortgage and property tax?

LOS ANGELES (KTLA) -- If you are among the thousands of Los Angeles County residents whose homes were damaged or destroyed in the Palisades or Eaton wildfires, there is a grim reality beyond the loss of property alone: Your mortgage is still due.

So is a large portion of your property tax.

Nexstar's KTLA spoke with Los Angeles County Tax Assessor Jeff Prang on Monday about the real estate implications of losing a home to a wildfire. It is a mix of good news and bad.