What are the legal implications of defaulting on a mortgage in Australia?
What legal consequences do individuals face if they default on their mortgage in Australia?
Category: Banking & Finance
Location: Maricao
Location: Maricao
Answers
Defaulting on a mortgage in Australia can lead to the lender taking legal action to repossess and sell the property to recover the debt.
6 months ago
Borrowers may also face a negative impact on their credit rating, making it more difficult to obtain credit in the future.
6 months ago
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