Sentences with phrase «proceed with foreclosure if»
Until that time, credit card debt creditors can continue to collect your debts, and your lender can still proceed with the foreclosure if you're behind on your mortgage payments.
http://www.bankruptcyattorneynation.com/ Not exact matches
But it's important to note that short sales are not always a viable option: If the seller is unable to find an interested buyer on terms the lender approves of, the lender can choose to proceed with foreclosure.
If you are facing foreclosure, mortgage loan servicers can't proceed with a foreclosure sale until you've been evaluated for help through the mortgage loan modification program.
Now, if the property is not a primary residence but an income property or a cottage then you could find yourself in a forced sale situation — where the CRA proceeds with the lien in federal court, prompting you to either pay your outstanding debt, or lose title and ownership of the property, which then goes through the legal procedure of foreclosure and the home is then sold as a power of sale, to clear the debts.