New Bankruptcy Law Secrets
Keeping Your House 2
If you intend to hold
onto your home be sure to keep your homeowner's insurance paid up. Also pay all your local
real estate taxes. To let any of these bills lapse you'll be inviting your creditor to
seize the secured asset.
If
the lender feels that you're causing their property to be at risk (not inhabiting a home
dramatically increases the odds of fire or vandalism) they may also be able to ignore the
stay and foreclose on you.
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