Posted 03 December 2012 - 10:17 PM
Posted 04 December 2012 - 12:39 AM
What can you do? Well, not knowing your personal circumstances, it’s impossible to say. But options might include paying off the arrears to bring the loan current; modifying or refinancing the loan into one that you are better able to afford; selling the property; giving the property back to the bank in a transaction known as a deed in lieu of foreclosure; and filing bankruptcy.
Posted 04 December 2012 - 07:39 AM
Posted 04 December 2012 - 08:27 AM
I'm with mortgage arrears of 2 months? what can happen? What can I do?
Let me suggest that you take an objective look at your post and consider if these are the questions you really intended to ask. Needless to say, there are a virtually infinite number of things that can happen and that you can do.
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