How many late payments can I make me LOSE my PROPERTY?

VISIT MY WEBSITE ► www.gotlib.com.br Popular legend has it that banks repossess properties with three overdue installments. In fact, the law regulating this type of transaction (Law 9,514/97) does not stipulate a time limit for this purpose. Note the provisions of Article 26 of the aforementioned law: "If the debt is due and unpaid, in whole or in part, and the trustor is in default, ownership of the property will be consolidated in the name of the trustee, in accordance with this article." There is no doubt that the law is clear that repossession (consolidation) of property can occur upon the existence of a debt, which means that, if there is one overdue installment, the risk already exists. In practice, the time between the onset of default and the receipt of notification to the debtor, considering the inevitable bureaucracy, ends up coinciding with a period of three months or more, which underlies this popular belief. Regardless of the timeframe, what really matters is that mortgage debtors cannot waste time and, if they notice delays, should immediately seek help from a specialized professional. Thank you for watching, and be sure to comment on what you thought of the video! See you next time! ----- VISIT MY SOCIAL MEDIA Facebook ►   / ronaldogotli...​   Linkedin ►   / ronaldogo...​   Instagram ►   / ronaldogotl...​   ► GET TO KNOW GOTLIB ADVOGADOS! Website ► https://gotlib.com.br​​​​​​​​​​​​​​​​​​ Instagram ►   / gotlib.advo...​   Linkedin ►   / gotl...​.  .