Seek Legal Advice The process of a mortgagee sale is a complex legal process with many technicalities. You may not be well-equipped to handle such negotiations. Get help from qualified professionals such as lawyers who have specialized in property law as well as experienced mortgage brokers.
Contact the lender
If you’ve received the Default Notice, make an effort to contact the lender. Your objective will guide the kind of discussions you will have. Do you want to rescue the mortgage? Or you can no longer afford the mortgage payments, so you want to make the best from the situation.
Whatever the goal is, time is not on your side and you should reach out to the lender to seek an extension of the Notice date so that you have time to negotiate.
Read more at www.mortgagerescue.co.nz . This audio / visual piece ('video') is written as a general guide and is not personalised advice. It is not intended as personal financial advice, nor legal advice, nor is it specific advice to your situation. The author has produced this in good faith and disclaims any liability from any action or inaction from how you may use this website or the results it may or may not achieve. Government, bank, company, insurer and lending policies, as well as other policies, procedures, and information in this website are likely to also change from time to time, and rules and decisions and policies may be applied differently and/or on a case-by-case basis. These rules may also change from the approximate time this was written. You are encouraged to recheck if these matters are accurate and up to date. By listening and using this the video, you agree to hold the author, associated entities and/or associates, harmless. Mortgage Rescue is not a legal adviser or lawyer service. You should seriously consider speaking to a legal expert in relation to your affairs and get individual advice. You also must read the disclaimer on www.mortgagerescue.co.nz
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