What should I do if I can no longer make my mortgage payments?

If you've missed payments or foresee that you won't be able to make payments in the future, contact your lender immediately and explain your situation. The longer you put off notifying your lender, fewer options will be available to you. Not only will contacting your lender early offer you more choices in terms of keeping your home, you'll avoid the penalties and fees that add up as missed payments accumulate.


Remember, it is in your lender's interest to help you find a way to stay in your home if at all possible. Your lender is not interested in owning your home; they simply want repayment of your loan. And because foreclosing is an expensive process for lenders, your lender may be willing to make changes to your loan or repayment schedule if the problem you're having is likely to be temporary. Don't let time run out.

If you are starting your search to buy now or in the future, why not search like a realtor. Sign up for listing book, a free service I provide with no strings attached. Here is the link: http://a107021.listingbook.com/.


If you would like information on Buying, http://www.cribbinrealty.com/buying.asp,

Selling, http://www.cribbinrealty.com/selling.asp, 1st Time Buying http://www.cribbinrealty.com/selling.asp
click on the appropriate link on my website http://www.cribbinrealty.com/.

Want to more about Short Sales check out http://www.shortsale-consulting.com/

Want to check out some Foreclosures or FSBO’s? Visit my website: http://www.cribbinrealty.com/

What did the house down the street sell for? Want to know call me or visit my website at http://www.cribbinrealty.com/

If you would like to know what your homes current value is check out Market Snapshot on my website http://www.cribbinrealty.com/market-snapshot-2.html or just call me at 636-294-6061.

For any of your Real Estate Questions or Needs call Me at 636-294-6061 or Mike@cribbinrealty.com Remember “Cribbin Realty” Where Performance Outsells Promises.