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Three payments in arrears is the usual time allowed for starting the foreclosure process. There is a little more leeway now by some mortgage companies, especially local banks holding the paper, but mortgage service bureaus have little mercy.

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17y ago

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Will the government repossess your home for student loan default?

No, they will not.


How many days do you have to be behind in your payments in New York before they can repo your car?

As soon as you have defaulted on the loan, a creditor can repossess your car. So 24 hours after you have failed to pay, they can repossess your vehicle without notifying you.


In Mississippi how long do you have to be on your car loan before they can repossess?

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Can they take income tax check if get repossession in Arizona?

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How long do you need to be delinquent before they can repossess your car in Pennsylvania?

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Check your copy of the contract that you signed for the loan. If this action for failure to pay is in the contract then they can do it.