Just today, I received a letter from my mortgage company saying I was in default of my mortgage and needed to pay the tax and send a copy of the receipt to them immediately.First: Read the terms of your mortgage. There should be a statement in there regarding the consequences for non timely payments.Second: contact your mortgage company (in writing too) and explain your situation. They really don't want to foreclose on your house, so as long as your repayment is in a reasonable amount of time (3 paychecks seems reasonable to me). They should be willing to work with you. Make sure you get a manager's approval and not just some clerk's OK. Your house is a pretty large investment to trust a verbal OK from someone who may not have the authority to approve your payment agreement.Third: Stay cool. Communication is the resolution to your problem.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat