Skip to main content

Posts

Showing posts with the label default on mortgage payments

How to Avoid Home Mortgage Loan Default

You have been paying your home mortgage loan diligently and on time, but lately you've been experiencing a cash flow problem.  This may be due either to a job loss or a sluggish business.  And so the question is: What should you do if you find yourself unable to service your loan? Can you default (not deliberately, though) and still avoid the auctioneer's hammer?