2006-10-16 05:10:19 · 8 answers · asked by Luis R 1 in Business & Finance ➔ Personal Finance
Do you pay for mortgage insurance each month? If so, then they will more than likely arrange something similar to a deferred payment plan. You need to call the company that holds your mortgage and ask to speak to the loss mitigation department.
2006-10-18 04:05:57 · answer #1 · answered by ShacklesOff.com 3 · 0⤊ 0⤋
They usually can work with you. However from experience during the hurricane season, I called once, and they only defered 1 payment, but then the next few payments would have been extremely high, so I never fell behind. CALL THEM ASAP, rather than putting it off.
2006-10-16 05:14:50 · answer #2 · answered by gjmite 2 · 1⤊ 0⤋
Only your mortgage company knows for sure. THey will make a decision based on payment history, age of account, and company policy.
The best thing to do is to call them right away and be very honest about your circumstances.
2006-10-16 05:13:04 · answer #3 · answered by Jenyfer C 5 · 1⤊ 0⤋
definite, as long as they shop on with the unique contract words they're allowed to start foreclosures in despite the fact that time-physique replaced into specified-study your very own loan records. maximum lenders even have an acceleration clause interior the notice and private loan device that states that if the internal maximum loan turns into antisocial, the lender can call for the completed volume due. Did you notice for mortgage substitute under HAMP (no longer in basic terms a metamorphosis yet a modif under HAMP)? lenders who're partaking in HAMP (& no longer all lenders are partaking) are no longer allowed to start or proceed with foreclosures till a form is rendered in case you're eligible for the substitute
2016-12-26 20:36:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If you call them they just might.don't ignore this or you may be out of a home. Some would rather work with you than take away you're home.My friend is 7,000 behind and they are giving her a chance to raise part of it. and ar working out new payments so good luck
2006-10-16 05:13:55 · answer #5 · answered by furby_lost 5 · 1⤊ 0⤋
They might accept small payments - call them and ask. If you just don't call, they'll be less likely to be willing to work with you. They'd rather have your payment than get your house back, so they'll probably try to work something out. You will have to pay them something regularly though, and it will cost you extra interest and maybe penalties.
2006-10-16 06:00:00 · answer #6 · answered by Judy 7 · 0⤊ 0⤋
You need to ask the company.
2006-10-16 05:12:23 · answer #7 · answered by Webballs 6 · 1⤊ 0⤋
just send them something every week till you are caught up
2006-10-16 05:17:35 · answer #8 · answered by jimmyluger 3 · 1⤊ 0⤋