Posted on: 17th Aug, 2011 04:41 pm
we have a mortage modification on our home. We have paid it for 2 months past the 3 month "trial" they have not finalized our final amount and we think they're "string" us a long. and oh by the way we struggle from week to week because of unforseen car breakdowns etc....shal we just stop paying it and live here as long as possible then save and rent...down siize?
Hi Guest!
Welcome to forums!
If you are not interested in keeping the property any further, then you can stop making your payments. After around 3-4 months, the lender may start foreclosure process. You will have to leave the property once the foreclosure is over.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you are not interested in keeping the property any further, then you can stop making your payments. After around 3-4 months, the lender may start foreclosure process. You will have to leave the property once the foreclosure is over.
Feel free to ask if you've further queries.
Sussane