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If you are behind on mortgage payments and are given a notice of default that says you have 30 days to pay the past due amount does that mean you will lose your house in a month?
Wiki User
∙ 15y ago
You have 30 days until the Mortgage company takes ANY action. You have anywhere 3 months to a year if no further payment is made before you will be forced to vacate. A judges signature is required for ANYTHING to happen.
Wiki User
∙ 15y ago
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Can your mortgage company harass you?
It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.
What are sale proceeds?
If you are not behind on your mortgage payments, most likely we will not be able to begin the Short Sale process. We never advise a homeowner to stop making payments. If you are current on your mortgage but are unable to make your payments anymore, contact your lender. This would be a good time to proceed with a Loan Modification. If you do, however, become behind on your mortgage payments, we can assist www. disappearingmortgage . com you at that time.
What does take a default mean?
Sports- lose by not playing Accounting term- behind on payments on a loan
How can one apply for a credit card when already has a mortgage in the UK?
As long as one is not behind on their mortgage payments, one should not effect the other. If one hasn't been making payments they will likely not be accepted for a credit card.
Where can people who are behind on their mortgage payments find help?
People who are behind on their mortgage payment can find help on the internet just go to Google Homepage and type on the search bar "mortgage payment help". There you will see a different results which will help you about your problem.
Can your mortgage company harass you?
It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.It depends on what you consider harassment. They can demand that you pay your mortgage if you are behind in your payments.
Can your mortgage company attach your savings account if you are behind on payments?
No.
Got check from homeowner insurance claim how do you cash it when behind on mortgage payments?
Short answer, is you can't. If you send the claim check to the mortgagee company, they will apply the amount you are behind to the loan and leave you short on the amount needed to make the repairs.
What are sale proceeds?
If you are not behind on your mortgage payments, most likely we will not be able to begin the Short Sale process. We never advise a homeowner to stop making payments. If you are current on your mortgage but are unable to make your payments anymore, contact your lender. This would be a good time to proceed with a Loan Modification. If you do, however, become behind on your mortgage payments, we can assist www. disappearingmortgage . com you at that time.
What does take a default mean?
Sports- lose by not playing Accounting term- behind on payments on a loan
Can your car be repoed if you are not behind on payments?
Technically yes - the vehicle can be repossessed if you are 'in default' of your obligations under the contract. So while the usual way to default on the contract is by missing payments, it is possible for you to be in default by another way, outlined in the contract you agreed to.
What the best thing to do if I am not behind on payments yet but just can't afford mortgage anymore?
Sell the house.
How can one apply for a credit card when already has a mortgage in the UK?
As long as one is not behind on their mortgage payments, one should not effect the other. If one hasn't been making payments they will likely not be accepted for a credit card.
Where can people who are behind on their mortgage payments find help?
People who are behind on their mortgage payment can find help on the internet just go to Google Homepage and type on the search bar "mortgage payment help". There you will see a different results which will help you about your problem.
can my girl friend buy my prefourclosed home?
When a person gets behind on their mortgage payments the lender will file a public default notice, which will initiate the foreclosure process. In other words, it�??s a grace period,so,yes,your girl friend can buy.
Will homeowners insurance cover the loss of personal property if you're behind on your mortgage and you have a compound loan?
Most likely it will depending on what the mortgage company's policy is. The insurance policy is purchased at one time during the year, therefore it will be in place even though you are behind in mortgage payments. If your mortgage payment includes a prorated portion of the annual insurance policy and you are behind in payments at the time rewal of the policy comes up, the mortgage company will likely pay for the policy using the accumulated reserves from the past months and paying the remaining amount for you. The bank will simply charge you later when you catch up on payments or add it to the amount due in a foreclosure action. The bank protects its own interests this way too. But you should see if your mortgage bank has a policy of paying only that portion of the premium that protects the house and land and not the contents. Also check with the homeowners' insurance company and read your policy.
How far do you have to be behind on your payments to legally repo in Michigan?
Legally, ONE day. As long as you are in DEFAULT of your contract, the lender CAN repo the collateral. Read the contract for more on DEFAULT.
