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  3. What if you have a mortgage and they call up the bank?

What if you have a mortgage and they call up the bank?

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  • Q This user is from outside of this forum
    Q This user is from outside of this forum
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    wrote last edited by
    #1

    What if you have a mortgage and they call up the bank?

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    • Q [email protected]

      What if you have a mortgage and they call up the bank?

      K This user is from outside of this forum
      K This user is from outside of this forum
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      wrote last edited by
      #2

      When you have a mortgage you still are the owner of the house. You just owe the bank money and the house is just a collateral for that money. If you default on your loan then the bank can take possession of the house to cover the loan and then would become the owners, but only in that case.

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      • K [email protected]

        When you have a mortgage you still are the owner of the house. You just owe the bank money and the house is just a collateral for that money. If you default on your loan then the bank can take possession of the house to cover the loan and then would become the owners, but only in that case.

        F This user is from outside of this forum
        F This user is from outside of this forum
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        wrote last edited by
        #3

        Just when you thought your life couldn't get any worse after receiving that eviction notice

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