A borrower signs an email and you can financial into the an individual residence. A borrower non-payments for the a loan and soon after files to possess Chapter eight personal bankruptcy shelter, whereby any private duty into the notice was discharged.
With never ever reaffirmed the loan https://www.clickcashadvance.com/installment-loans-la/baton-rouge/ mortgage loans, the new borrower, however, continues to build monthly obligations to the bank to help you hopefully avoid a property foreclosure of the kept protection interest toward property. Continue reading