Avoiding Default Courts By Keeping On Top
At the moment there are a few things getting in the way of happy streamlined house exchanges. Until about five years ago, there was hardly any house buying. Full stop. There had been the dreadful recession, double dip then treble dip – whatever these phrases mean in reality.
In the leanest times it was easy for families to skip a mortgage or rent payment and gradually the rot would set in and the next thing, they are being chased for defaulting. A most irresponsible way to deal with any frightening money shortage situation.
The rent or mortgage must always be paid promptly when due. Although it is a contractual matter, the rentor knows where he stands, after all these years. To default after a long period is bad too because defaults bring stigma and the possibility of losing the property through a default court case.