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How far behind before foreclosure starts

We are almost 2 months behind on our mortgage and have been threatened with foreclosure

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi cgreenlady!

Welcome to forums!

It will depend upon the specifics of the loan docs as to when the foreclosure proceedings will start. As far as I know, if a borrower is 90 days late in paying the dues, then the lender can issue a pre-foreclosure notice against the borrower.

There are various ways to [url=http://www.mortgagefit.com/foreclosure/17ways-avoid.html]avoid foreclosure[/url] such as loan modification and forbearance. You can check out some of them in the given link:
http://www.mortgagefit.com/foreclosure/17ways-avoid.html

Feel free to ask if you have further queries.

Sussane

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:52 | Post subject:

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