How many months of non payment will a lending institution wait before foreclosing on a home?

Question

How many months of non payment will a lending institution wait before foreclosing on a home?

Answer 1

Three months generally will start the process, 5-6 months before your escorted out by the Marshalls or local police. I suggest you work out a deferred payment arrangement they will usually go up to 6 months of no payments and redo the loan or add them to the end. But you MUST call them, be serious and plead your case.