A
Defaulting on a mortgage in Australia can lead to the lender taking legal action to repossess and sell the property to recover the debt.
2 years ago
Q
What legal consequences do individuals face if they default on their mortgage in Australia?
Maricao
Answers
2 answers from the community
A
Borrowers may also face a negative impact on their credit rating, making it more difficult to obtain credit in the future.
2 years ago