Hi! I need an advise regarding a property (condo unit) that we acquired. We managed to pay it's downpayment and applied for a bank loan for the remaining balance last year and started the monthly amortization last July 2015. Now we are planning not to continue the payment as we are also having hard time selling the unit, how are we going to get through it? Will they (bank) just confiscate it, or what other possibilities could happen?thank you
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