Hello
In the event that a creditor applies a lien against a property owned by the debtor, what happens when the mortgage on that property comes up for renewal? Can the debtor still renew his / her mortgage or will the mortgage company demur to renew the mortgage, thereby forcing the owner to sell?
Thank you
Answers: It can be renewd but the lien will still be in that.
In the event that a creditor applies a lien against a property owned by the debtor, what happens when the mortgage on that property comes up for renewal? Can the debtor still renew his / her mortgage or will the mortgage company demur to renew the mortgage, thereby forcing the owner to sell?
Thank you
Answers: It can be renewd but the lien will still be in that.