Comment Comment by WalterBright > they'll take your houseYes, and they'll sell the house to cover the debt. But the amount they receive from selling the house in excess of the debt goes to you.I.e. you'll get the equity portion.It's in your mortgage contract. Worth reading. parent WalterBright 2 years ago
Yes, and they'll sell the house to cover the debt. But the amount they receive from selling the house in excess of the debt goes to you.
I.e. you'll get the equity portion.
It's in your mortgage contract. Worth reading.