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Can I make a mortgage payment sixty days late without my house being foreclosed on?

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Icon Mini Profile julieharvey





Joined: 07 Jun 2010

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1.28 Dollars($)
Post Posted: Mon Jun 07, 2010 6:56 pm    Post subject: Can I make a mortgage payment sixty days late without my hou
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Can I make a mortgage payment sixty days late without my house being foreclosed on?... I live in Tennessee
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
985.83 Dollars($)
Post Posted: Mon Jun 07, 2010 9:21 pm    Post subject:
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Hi julieharvey!

Welcome to forums!

Generally lenders start the pre-foreclosure procedure when you've defaulted on your loan payments for 90 days. As you've defaulted on your loan for 60 days, I don't think the lender will foreclose but he can charge you late fees for the same.

Feel free to ask if you've further queries.

Sussane
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