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What happens when you default on a home loan?

Nicholas Rivera

in Student Loans

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1 answer

Chelsea Hayes on May 1, 2018

The lender has to go through several steps to repossess the house-which I would prefer not to. The best thing is, if you cannot pay, (according to to seek advice and negotiating the help of a third party before talking with the administrator of the loan. This can be a lawyer, accountant, housing counseling agency or credit counseling service. Do not ignore calls and letters from the lender. There are other payment options that may work for you until you get caught.

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