Posted on: 04th Jun, 2009 01:28 pm
she has a trailer contract for deed and they sent her a letter saying that she is a month behind and that they're going to forclose on her in 5 days.
Hi sweetheart!
Welcome to forums!
Generally lenders foreclose the property after the borrowers are 3 months behind on their payments. As your mother is only a month behind on her payments, I would suggest her to contact the lender and check out if they can modify the loan. This will help her in saving her property.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
Generally lenders foreclose the property after the borrowers are 3 months behind on their payments. As your mother is only a month behind on her payments, I would suggest her to contact the lender and check out if they can modify the loan. This will help her in saving her property.
Feel free to ask if you have further queries.
Sussane