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PAYING MORTGAGE LOAN LATE IN TX

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Icon Mini Profile egan0000





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Post Posted: Mon Aug 04, 2008 12:34 pm    Post subject: PAYING MORTGAGE LOAN LATE IN TX
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My husband had to resign from employment due to medical issues and we had to miss one mortgage payment. Do you have any information concerning home owners rights concerning late or missed payments?
Icon Mini Profile sweeney
sweeney
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Post Posted: Mon Aug 04, 2008 3:44 pm    Post subject:
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Call your mortgage company and explain the situation to see what kind of leeway they can give you.
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Mike Sweeney
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views expressed on this forum are my opinion as a mortgage professional, not legal advice
Icon Mini Profile Caron
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Post Posted: Tue Aug 05, 2008 2:54 am    Post subject: RE: late payments on mortgage - workout plan may help
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Hi Egan,

There are no defined rights as a homeowner as far as late pays or missed payments are concerned. But as Sweeney said, talk to your mortgage company and request for a workout plan. You can check out some Workout plans or Loss Mitigation options so that when the lender suggests an option, you know exactly what it is all about.

Good luck

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