Re: What is risk of one more late mortgage pmt after 7mo's no payment?
11-14-2012 01:23 PM
Not to have to bore you with too much detail. Just need to know if our impact has already happened being 7 months late, how much more could it be impacted by one more month being late.
We saved the first loan from foreclosure by running to the bank with the past due payments and catching them up just before the deadline Oct 30th. We have not caught up with the smaller loan of 37,000.00 and are trying to get them to reduce the amount thru our lawyer. Trouble is they are so slow with the correspondence and we don't know if it's worth waiting another month in case we get a "no " answer. The lawyer says it will take another two weeks to get an answer. Is the impact to our credit worth another month late?