ANSWERS: 2
  • The most important thing you can do right now is keep the lines of communication open with the mortgage company. The way things are right now they should be more than willing to work with you, maybe allowing you to skip a payment or refinance. It is costly for them to forclose and they would prefer to work with you.
  • Talk to them. Call them first thing in the morning and let them know what is happening. They would rather work with you than foreclose. They lose money when they foreclose. The biggest mistake you can make is to miss payments and not talk about it.

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