Missed Mortgage Payment | 2 Months Behind on Mortgage

Hey. So you've missed two to three payments. Okay? It's time to get busy. Okay, you have to contact your lender right now, and you have to have all those documents that I told you. Previously on hand. Remember the. The to pay stubs, two bank statements, hardship letter, financial statement, get their name, write down the date that you call. All that information that I just gave you on the other page. Yeah, you need that? Okay. What they can still do at this point, you're still pretty good. It's still kind of early, so call them. They can give you a forbearance plan where they suspend your mortgage payments for 12 months, maybe even longer. Okay. Also, loan modification, they can modify the terms of your loan to lower your monthly payments. If you have the ability to make some type of payment repayment plan, if you can continue with this mortgage as it is and your payment is doable, they can put all of those missed payments at the end of your loan, the back end of your loan. And you keep moving just as you were before. Okay? You don't have to make up all of those payments right now. It'll go to the end of the loan. If push comes to shove, you can do a short sale where you'll sell your house for less than you owe on your mortgage, or you can do a deed in lieu of foreclosure. Now, those last two options, that's not really what we want to do. Okay? But if we have to, it's better than foreclosure, trust me. So let's start working now. Let's see what plan we can work out with the bank, because that's the main thing that we. We're banking on right now. And trust me, like I said earlier, they don't want to keep your home, so contact them today.