What leads to foreclosure & tips to prevent it
Foreclosure doesn’t happen after one missed payment. Your lender will do their due diligence to communicate the importance of paying your mortgage and offer you options to assist with delinquency.
If you continue to miss payments after 90 days, you will receive a demand letter asking for the amount owed to be paid in full. If you fail to pay after 120 days, the foreclosure process will commence.
We are dedicated to providing education and resource materials to the community to educate and prevent foreclosure. We have classes available to address budgeting, savings, and foreclosure prevention. Register for an upcoming class here.