What Happens to Your House When You Miss a Mortgage Payment? - Local Records Office
The "Local Records Office" in Norwalk, CA asks the question “What happens when you miss a mortgage payment?” This is a great question and just like many people would like to know it’s a very simple but complex answer. There are a lot of steps that need to be taken when the homeowners miss 1 or a couple mortgage payments.
The possibility of losing your home because you can’t make the mortgage payments can be terrifying.
Perhaps you’re having trouble making ends meet because you or a family member lost a job, or you’re having other financial problems. Or maybe you’re one of the many consumers who took out a mortgage that had a fixed rate for the first two or three years and then had an adjustable-rate – and you want to know what your payments will be and whether you’ll be able to make them.
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