What happens if I don’t pay interest and installments to the bank?
What happens if I don’t pay interest and installments to the bank?
October 26, 2025
Notice from the homeowners bank that the mortgage will be cancelled, or the property foreclosed, is viewed as a material breach of the co-ownership agreement if it is not remedied within the stipulated period. Similarly any notices of enforcement or attachment from the homeowner's other creditors is viewed as a material breach and may result in a forced sale.