Friday, May 16, 2014

If you cant pay your mortgage, then the bank will?

If you can't pay your mortgage I'm assuming the bank will take your house and sell it to get their money back.

My question is, say 2 years into your mortgage you go broke. The bank sells your house… But what are you then left with. I mean would the bank refund your 2 years worth of payments? Or do you get nothing?

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