Re: Mortgage payment

Posted by Anonymous on January 30, 2002 at 10:53:04:

In Reply to: Mortgage payment posted by PBS on January 29, 2002 at 14:50:43:

Like Linda suggested - read your mortgage contract. Sometimes a mortgage lender will work with you to avoid further delinquency of your past-due mortgage payments. This usually will depend upon the circumstances (i.e. job loss, illness, etc.). They may accept interest only payments for a structured time period - say 3 months for example. This will, however, extend the length of your mortgage. Who you talk to at the bank may make a difference. Speak to someone in authority - not someone low on the totem pole. You might want to check with your state banking commission. And you need to keep all documentation regarding the refusal to accept payment.

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