by Mortgage Rescue InformationWhen you purchase a property and get a mortgage, the bank or lender has an interest in the property and puts a charge against the title of the property for as long as the loan is outstanding. The lender is obliged to discharge the title once you have paid the entire loan. What happens if the debtor or mortgagor […]
by Mortgage Rescue InformationCan You Challenge a Defective PLA Notice? According to New Zealand’s Property Law Act (2007), a mortgagee reserves the right to call up as payable, the entire principal amount, interest, and any fees and penalties being secured by a mortgage if the mortgagor (you the homeowner), stops paying their repayments, defaults or fails to meet or […]
by Mortgage Rescue InformationOptions for Home Owners Facing Mortgagee Sale When a mortgage lender or a bank issues a PLA Notice due to default, is the situation beyond salvage? Is there a chance to save your home or it’s all downhill from there? Tough times can hit anyone. Perhaps you’ve lost your job or lost a major client […]