4 months behind on mortgage payments

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?

A car is usually a higher priority payment than a home mortgage or rent.” People who are three months or more. were three months behind on their payments peaked at 5.3 percent in late 2010. The.

trouble making payments. If you are having trouble making payments on your mortgage, we have a variety of options that may help you stay in your home. Repayment Plan. This agreement is typically used if you have had a short-term reduction of income that severely impacted your ability to pay but is.

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.

 · When you get behind on one of your bills, you may try to get caught up by delaying the payment of other bills or by bringing your account below zero thinking that everything will be fine once you get paid again. But by delaying your other bills, more late fees are charged and it gets harder and harder to pay all your bills on time.

how much are closing fees You also may be asked to pay an escrow fee, a brokerage fee and a courier fee. Altogether, closing costs can range from 2 to 4 percent of the selling price. Many of these fees are negotiable, and it’s unlikely that a seller will be responsible for all of these. Still, it helps to be prepared.

We fell behind on 4 months of payments over the past 5 years due to huge medical set backs. The bank is giving us the chance to apply for loan modification but our home is in pre-forecloses and they stop taking payments which is putting us further behind ( we are saving every monthly payment).

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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