How Many Mortgage Payments Can Be Missed Before Foreclosure Modest Money2 Comments

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The following is a guest post about mortgage. If interested in submitting a guest post please read my guest post policy and then contact me.

For those that have a home and mortgage payments become more and more difficult to get together and pay, you’ll need to look into your options far ahead of time. If you feel that you’re going through hard times, whether it’s become of job loss or just a lot of unforeseen circumstances, you will want to look at how many mortgage payments can be missed before foreclosure. This vital information will help you not only stay calm when financial pressures mount, but could save you when an emergency arises. Just remember, you will have a limit here, so don’t assume that you can just start missing them at will, because that’s not true. The following will explain the issue as a whole.

The First Problem One Will Encounter

First and foremost, you can miss one payment without major incident. However, this is going to put you in a tail spin. Your first missed payment will put you in a payment default status. That means that you will need to notify your lender immediately. Do not…

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By : Adam | 22 Oct 2014
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