The FTC says Countrywide charged homeowners who were in default excessive fees for services like lawn mowing, property inspections and other services that were meant to protect the value of theproperty in default.
If you get in contact with your bank early enough, there's several things that the bank would try to do to prevent theproperty from going into default and eventually foreclosure.
Canadians who take out mortgages worth more than 80% of the value of theproperty must also take out insurance against default from a federal agency, the Canada Mortgage and Housing Corporation.