Tag Archives: HOW LONG DOES IT TAKE FOR BANK DEBT TO BE FORECLOSURE

HOW LONG DOES IT TAKE FOR BANK DEBT TO BE FORECLOSURE

Foreclosure is when a credit institution sells the borrower’s mortgaged property when the debt is not paid on time. The mortgaged property can be handled through the methods prescribed in Article 303 of the 2015 Civil Code. The bank’s asset foreclosure process includes the following main steps: – Determining breach of contract: When the customer […]