question category: Repossession

Can mortgage provider chase for additional monies owed
Submitted on: 22nd Apr 2010 by Non-Member | Total Answers: 0

Apart from my own home I own a number of rental properties. I am really struggling to pay the monthly payments.

If the mortgage providers decide to seize the properites and sell them, am I still liable for the shortfall between the current loan and the sale price the mortgage provider gets?
Would there be any difference if I was made bankrupt?

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