Thank you for your question. I am happy to assist you.
The lender must take judicial action before seizing any assets.
Typically the first step would be that the lender files a foreclosure action against your home. At that time you can reevaluate whether you have potential to sell your home. If you need additional time, you can consider filing a Chapter 13 bankruptcy. A Ch 13 can force a repayment plan on the bank and stop the foreclosure.
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