What does it mean when mortgage company sends back your mortgage payment ? We are 4 months behind . Due to loss of job . We sent in the full payment . But we just received that check back ...... (?)
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ANSWERS: 4
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It means you didn't include fines and fees in the payment. You need to call your lender and see how much they want to reinstate your loan. Most lenders will allow you to reinstate up until the day of the auction, but what you must payment is usually much higher than mortgage payments and late fees.
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they are getting ready to foreclose... see an attorney
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The amount of the mortgage has changed. Usually an increased tax fee or insurance. It may be a difference of only a few hundred dollars, but they won't take the check until it's the correct amount. Call your bank immediately.
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It means that they are making motions for foreclosure. I would advise using the service above to take actions to prevent a foreclosure being on your credit report. Good luck!
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