What if I Do Nothing?
Notice of Default:
Notice of Default (NOD): Banks can issue a Notice of Default and stop/refuse all payments.
Foreclosure of Auction:
When your Auction/Foreclosure date is reached, there is no other solution from here.
Eviction:
If you do not move voluntarily, local enforcement will show up to force a set out.
Negative Affects:
Foreclosures and Bankruptcies can stay on your credit report for up to 10 years.
Loans:
Some financial institutions cannot lend to you for up to 6 years.
Renting:
Landlords may decline your rental application if a Judgement of Default is on your record.
