Falling behind on a conventional mortgage payment can be scary for a homeowner. If you've recently missed one or two payments, there are many things you can do to get back on track with your mortgage lender. Understanding why you're in default and knowing your options can help you decide how to proceed.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
Identify Why You're Not Able to Make Your Payments
Before a homeowner can start to get back on track with their bank, it's important for them to understand why they're having a hard time making a payment. Sometimes the reason is obvious, like loss of a job or death in the family. Other times, the reason is
…