Posted on: 23rd Nov, 2009 06:30 pm
Hi, our house is going to foreclosure because I am not working right now and have bad credit, although we have never missed a mortgage payment and we are still able to pay, will this affect our future of getting a mortgage even if we are both working and repair our credit?
While the circumstances are unfortunate, why would any lender foreclose if no mortgage payments were ever missed? That defies my logic. I never heard of such a thing. Lendres do not want to own porperties and if someone is paying as agreed, why would they ever foreclose?
