When you have a mortgage you still are the owner of the house. You just owe the bank money and the house is just a collateral for that money. If you default on your loan then the bank can take possession of the house to cover the loan and then would become the owners, but only in that case.
Kirp123@lemmy.world 1 month ago
When you have a mortgage you still are the owner of the house. You just owe the bank money and the house is just a collateral for that money. If you default on your loan then the bank can take possession of the house to cover the loan and then would become the owners, but only in that case.
fartographer@lemmy.world 1 month ago
Just when you thought your life couldn’t get any worse after receiving that eviction notice