Auction of your Home
What happens if you are unable to repay the home loan that you
took within the stipulated time? For one, you can expect the bank to send
a notice with the required amount to be paid. The failure of making the full
payment may force the bank to seize the house.
The procedure
If the borrower cannot repay the mortgaged payment, the bank sends
a Notice of Default. If the borrower does not respond by the...
