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Does you mortgage have a 'Loan Call-In' clause?

(2007-06-19 21:08:33) 下一个
Does you mortgage have a "Loan Call-In" clause?
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来源: PoorKids?07-01-28 22:08:46 [档案] [博客] [旧帖] [转至博客] [给我悄悄话]
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If yes, you can receive a foreclosure notice even if you never
missed a payment, when the market value of your house is below
the mortgage balance by a certain amount.

To avoid this type of foreclosure, one can pay a lump sum to push
the mtg balance below the collateral value.
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