Posted on: 05th Aug, 2009 08:26 am
I took mortage last 2 year and pay payment regularly
But now i unable to pay payment .If i will not pay payment onward wht will be action take by moratge company?
But now i unable to pay payment .If i will not pay payment onward wht will be action take by moratge company?
they will more than likely foreclose on you. I would call them and discuss your situation right away.
house will be forclsoed and you need to vacate the house after that
That will also affect your credit report and score
Utimately this may result in you not getting a loan for any thign or if you get it probably at a higher interest rate
That will also affect your credit report and score
Utimately this may result in you not getting a loan for any thign or if you get it probably at a higher interest rate
Also the bank may come after you for the deficient amount once they are able to sell the house
Good luck and feel free to ask
Good luck and feel free to ask