You Should Do THIS FIRST When You Can No Longer Pay Your Mortgage. .

By
Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO

What To Do?

Before Contacting Your Mortgage Company When You Can No Longer Pay Your Mortgage Payment?


Prepare to take notes and you should do this every time you talk to them (Click on the picture below to know why?)

Then:

· Gather first all your mortgage statements and organize them.
· If you have a 2nd mortgage you must include this as well.
· Make a list of all your monthly debt obligations such as car loans, credit cards, etc.
· They would want to know your current total income.

What should you tell your Condo or Home Owners Association if you happen to have one?

Click on the picture below to learn the answer. .


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Rainer
295,283
Brian Morgenweck
Power Realty Group, LLC Bergen County, NJ - Hackensack, NJ
Broker/Owner, GRI, CRS, ABR, SRS

Hey Fernando!

Good advice.  And, I like the format & your site. very cool!

Sep 20, 2011 02:40 PM #1
Rainmaker
763,588
Steve and Jan Bachman
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax - Herndon, VA
Realtors - Northern Virginia

Fernando, your posts are the best going on distressed property. Just reading them in a row gives folks an awesome education in the process beautifully done.

Sep 21, 2011 12:43 AM #2
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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