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Showing posts with the label defaulting on a mortgage

How to Avoid Home Mortgage Loan Default

You have been paying your home mortgage loan diligently and on time, but lately you've been experiencing a cash flow problem.  This may be due either to a job loss or a sluggish business.  And so the question is: What should you do if you find yourself unable to service your loan? Can you default (not deliberately, though) and still avoid the auctioneer's hammer?