
Generally when you’re having problems making your mortgage payments the lender may foreclose, if it goes for a long period of time that you’re not paying the mortgage; anywhere from three to seven or eight months. It’s quite possible that the lender will file a foreclosure action in order to put pressure on you to begin payments, to entice you to maybe process a loan modification or a short sale but the point of the foreclosure is to get the property back.
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