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When a home owner fails to make payments on the mortgage

In some rare cases, due to financial trouble, a borrower can not make the monthly mortgage payments. To keep from losing the property, the borrower can negotiate with the lender for a more flexible pay back plan until he or she can get back on track.

If after about 3 months the borrower is still in default, the lender will have no choice but to start the foreclose process and sell the home to repay the loan.

Stop my foreclosure

A loan with a fixed interest rate