Posted on: 09th Aug, 2009 05:25 am
What care/ action should one take If he defaults on his mortgage but does not want to lose his home?[/right]
appletongary
He or she can pay the defultedmoney and become current.
Call the bank for loan modification if he or hse is in financial dificulty
Good luck and feel free to ask
He or she can pay the defultedmoney and become current.
Call the bank for loan modification if he or hse is in financial dificulty
Good luck and feel free to ask
making default money paid is a wish list. but how to reach that level, is unknown.
contact lender immediately and ask for the corrective action.
through the negotiation you can resolve the problem.
through the negotiation you can resolve the problem.
Hi appletongary,
There are various ways to avoid foreclosure and save your property. Once you are past due on your mortgage payment, you will have to inform the lender about your hardship. The best way to save your property is to apply for a loan modification and check if the lender would accept this offer.
Thanks
There are various ways to avoid foreclosure and save your property. Once you are past due on your mortgage payment, you will have to inform the lender about your hardship. The best way to save your property is to apply for a loan modification and check if the lender would accept this offer.
Thanks