If you fall behind on your mortgage payments…Don’t Panic! If you are less than 3 months behind, most banks will still accept payments. If you should fall 3-4 months behind on your mortgage, the bank will not accept payments and they will file a Lis Pendens on your house. A Lis Pendens is a public notification that the foreclosure process has started. Still Don’t Panic! Some banks take a year or so to foreclose and some banks take up to 5 years to foreclose on your home. You still have right to bring yourself up to date by paying off the arrears or you can sell your home.
You can call/text Evan Greene (631)848-8000 for free advice.
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Click Here if you are looking to sell your Home