Legal Question in Banking Law in Maine
default
what does it mean and what are your rights? if you are three payments behind?
Asked on 1/02/09, 7:44 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: default
I would need to review yopur loan documents, but normally they can ACCELERATE the full balance and SEIZE any collateral or security you put forth.
I have 25 yrs. Debtor/Creditor experience.
Answered on 1/02/09, 8:10 pm
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