It’s Not Too Late
Wondering what a homeowner in the Morgan Hill area should expect when payments are missed? The most important thing to know is that no matter what stage of default a homeowner is in, there is almost always a way to avoid foreclosure. That being said, the quicker a homeowner does something about the situation, the less challenging it will be to resolve.
First, here’s what a distressed homeowner in Morgan Hill should expect to happen when payments are missed:
30 Days Late: The lender will attempt phone contact or send a notice in the mail.
60 Days Late: The lender will attempt to make contact by phone and follow up with another letter in the mail.
90 Days Late: The lender will send a letter demanding all past due amounts within 30 days and start the foreclosure process.
120 Days or More Late: The lender’s attorneys will take over and the homeowner will be responsible for their fees in addition to missed mortgage payments and the loan amount due.
Not late yet, but about to be?
Homeowners that are not late but foresee missing payments should communicate this to their lenders as soon as possible. In the past, many banks wouldn’t work with homeowners unless they were one or more payments behind. In light of the mortgage crisis, most lenders would rather take a proactive stance and decrease their loan losses. They are more willing than ever to work with homeowners to avoid being late.
If you are visiting my website, you or someone you care about may miss mortgage payments in the near future. I can help navigate the process and put you back on a path to financial stability. Contact me today and alleviate the stress that comes with unaffordable mortgage payments.
We recently helped a homeowner that was over a year late on their mortgage paytments, and another that was just 67 days away from the foreclosure sale date…and we can help you! Call us today!
Federal Trade Commission Disclosures
- 1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services.
- 2. The above brokerage is not associated with the government, and our service is not approved by the government, and our service is not approved by the government or your lender.
- 3. Even if you accept this offer and use our service, your lender may not agree to change your loan.
