forelcosure

October 11th, 2009 by Questions

I am going to foreclose on my house. Usually my mortgage payment comes out on the 15th of the month, if i miss one mortgage payment then move out after 2 weeks, will i be ok? or they would come and take the house right away?

Posted from: Ontario

Questions

One Response to “forelcosure”



, A licensed trustee said:

Your plan of missing the payment and then moving will work, but you want to make certain that once you move out you surrender your keys to the mortgage company so that they can arrange to have the heat and hydro accounts switched over. If you simply leave the house and don’t tell anyone, you may be liable for anything that might happen to the house later – like a frozen pipe or other winter related problem.

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