Posted on: 25th Nov, 2013 11:50 pm
My property is one the verge of repossession. Will I be losing all my payments if the property is repossessed?
Yes, you will be losing all the payments that you have made toward the property. Moreover, if there remains any deficient balance, then you will also be liable for paying it.
Hi Janyc,
Once the property is repossessed, you will be losing all the money that you paid for the property. You will not be able to recover anything.
Thanks
Once the property is repossessed, you will be losing all the money that you paid for the property. You will not be able to recover anything.
Thanks
Yes, you will be losing all the payments you had made on the property when it will be repossessed.