Profile picture for Merit Tukiainen

Merit Tukiainen

Agent

1 Recent Sales (last 12 months)

Real Estate Sales Agent

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Staging

Advice

  • (1 Contributions,
  • 1 Best Answers,
  • 0 Helpful)

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I am a month behind on mortgage; had a small disaster .How long before they foreclose?Can I sell?

Best Answer

Call your lender right away and tell them what happened. Unless you keep not paying your payments, they won't foreclose on you. If you're in a deep hole, and feel you need to sell, try to stay out of foreclosure, borrow from relatives or against your 401K to stay current. Your sale will be much quicker and smoother that way. Do you think you are under water? Ie. do you owe more than your home is worth now?

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