mortgage and surety mortgage – Real estate

Hello,

If the bank has taken out a mortgage on the property to cover the delinquencies, the amount of the mortgage must relate to the outstanding capital + all the installments that have been unpaid + all the costs generated by the proceedings in progress.
It is not because the bank is reimbursed by the mutual guarantee company that you no longer owe these sums: the SCM will turn against you (against the two borrowers, but more particularly against you if your ex is unreachable).

Once the mortgage is in place, if you continue not to repay, the bank may ask for the sale of the property at auction and in this case, you will lose because the property will be sold at a price well below the market.

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