Posted on: 25th Apr, 2013 01:48 am
In the last 15 years we have owned our home we are behind on our mortgage. By the time things are settled we will be 2 months behind. How soon will the mortgage company start the process? We will be completely caught up by the first of the year, but we will be running behind for another month or so.
Well, lenders normally start taking actions after you are 3 months or more delinquent on your mortgage payments.
Did your lender send you any intimidation letters, warning of any impending foreclosure proceedings to be initiated against your house? Or did you ignore them?