Property Repossession
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If you’ve been part of a sequestrated estate and recently rehabilitated, you’re probably thinking about how to start building up your wealth again. One of the main concerns for rehabilitated insolvents, who most likely lost their home on the process, is how to begin the process of buying property with finance.
If you default on your bond repayment, your bank can potentially repossess your house and sell it to recover the money that you still owe to them. However, there are some very sound financial reasons why the bank will avoid doing this.
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