What happens when you are not paying the bank mortgage loans 2017-02-14T12:11:07+00:00

What happens when you are not paying the bank mortgage loans

1. You get a formal notice from the bank
2. You get a mortgage termination letter – the bank informs you that they give up on your loan
3. You get an order to pay served by a bailiff
4. You get a foreclosure notice served by a bailiff
5. Appointment of CTU (Legal Appraiser), IVG (Judicial Auction Institution) and ANPE (Notary Association for Enforcement proceedings)
6. Auctions
7. Adjudication of property at auction
8. Injunction to move
9. Delivery of auctioned real estate

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