Housing and Real Estate

There are few people who think they will lose their home, they generally think they have more time. This is how it happens. Note: The time limit varies by state.

* First month of non-payment – your lender will contact you by letter or telephone. A housing counselor can help.

* Second month of non-payment – your lender will probably begin to call to discuss the reasons why you do not make your payments. It is important not avoid phone calls from your lender. Talk to your lender and explain your situation and steps taken to resolve it. So far, you can still make a payment to avoid being delayed by three months. A housing counselor can help.

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