Posted on: 29th Sep, 2009 08:12 am
I am one month behind in my mortague can they take my home?
not yet, but you need to contact your lender and try to work out a solution. ultimately, a loan would have to be 2-3 months delinquent before such an action would be undertaken by the lender.
the sooner you can contact your lender's loss mitigation department, the better. let them know where you stand now and what you are able to do as far as payment is concerned.
the sooner you can contact your lender's loss mitigation department, the better. let them know where you stand now and what you are able to do as far as payment is concerned.
Why did you miss the payment? Have yur circumstances changed significantly or is it likely to be a one off?
If you're going to have trouble making your payments in the future too, you need to get onto looking at restructuring your loan - better to be proactive than to wait for the preal problems to start then try and respond.
If you're going to have trouble making your payments in the future too, you need to get onto looking at restructuring your loan - better to be proactive than to wait for the preal problems to start then try and respond.
