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Harris
Harris, Family Law Expert
Category: Family Law
Satisfied Customers: 2851
Experience:  Family Law - Specialist in Divorce, Financial Relief and Children Matters
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If a bank cannot sell a surroundered house and there is

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If a bank cannot sell a surroundered house and there is money owed what happens next

Hi, thank you for your further question. The bank will make all efforts to sell the repossessed house, even if it means a lower asking price than the market rates. If there remain money owed the bank will seek for the people who took out the mortgage to pay the shortfall.

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