What happens if you are 5 months behind in your mortgage. – What happens if you are 5 months behind in your mortgage payments? Question Details: I am currently behind in my mortgage repayments. I am waiting for news for a home loan modification program. What happens when you are this far behind? Asked on 10/2/2010 under: Real Estate New York. More Legal Topics All States

What Happens If You Miss a Mortgage Payment? – Not paying this important bill, however, does have consequences. On the positive side, not making one mortgage payment and falling a single month behind will almost certainly not trigger a foreclosure.

How to Refinance When Behind in Mortgage Payments | Pocketsense – If you are behind in your mortgage payments, you may be able to refinance your loan, depending on who owns or guarantees it and the circumstances surrounding your financial distress. For instance, the federal government made refinance and modification options available to struggling homeowners through the making home affordable Program in 2009.

Delaying foreclosure: Borrowers keep homes without paying. –  · Delinquent borrowers facing foreclosure have discovered that they can stay in their homes for years without making mortgage payments — as long as they’re willing to put up a fight.

How To Get A Zero Down Mortgage Purchasing Your New Home – Mortgage Basics | Zillow – Purchasing Your New Home. 6 mortgage myths debunked.. It’s hard to get a zero down payment mortgage in today’s climate, but not impossible. Here’s how you can score a zero down payment mortgage – and the pros and cons of getting one.

Behind on your mortgage? 6 ways to catch up.. About 1 out of every 20 American homeowners is behind on mortgage payments, If you can pay off the back mortgage payments in a lump sum, the.

The example I gave was that I lost my job, fell behind on my mortgage payments for a few months, but then got another job. It was a temporary glitch, so to speak. And after getting back on my feet, I would be able to get caught up on my payments and bring the loan current once more. But what happens if you simply cannot afford the mortgage anymore?

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Mortgage Months On Payments 4 Behind – Helpersofhouston – 4 payments months mortgage – Yourrenaissanceawaits – Foreclosure: 4 months behind on mortgage payments, filed a. – I am now 4 months behind on mortgage payments for rental property that I am currently working with attorney and realtor to short sale. When tenant moved out 2 months ago the AC unit was stolen.

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I am 4 months behind on my mortgage payments. My house is for. – I am 4 months behind on my mortgage payments. My house is for sale, on a short sale. If it doesn’t sell soon, the bank will no doubt foreclose. I owe about 175,000, and have had offers for 80,000 and 85,000.