Posted on: 24th Nov, 2009 01:15 pm
My Dad passed in June of 2008. I moved in to take care of the house while we had it on the market. Needless to say house is still on the market and I am having trouble making this payment right now. House is worth 170k with 60k owed. Do I really have to make these payments? House is for sale,they will get their money..What will happen if I skip one payment to get a little breathing room..So stressed
>>What will happen if I skip one payment to get a little breathing room
Nothing probably - lenders can start forclosure proceedings after one 30 day late, but usually wait until 90. Sounds like you need to lower your asking price.
Nothing probably - lenders can start forclosure proceedings after one 30 day late, but usually wait until 90. Sounds like you need to lower your asking price.