Patty Da Silva SELLS Homes | Green Realty Properties®

REALTORS® in Cooper City, Davie, Miramar, Pembroke Pines, Plantation, Hollywood

Missing Mortgage Payments? It is NOT Too Late...


Wondering what a homeowner should expect when payments are missed? The most important thing to know is that no matter what stage of default a homeowner is in, there is almost always a way to avoid foreclosure. That being said, the quicker a homeowner does something about the situation, the less challenging it will be to resolve.


First, here’s what a distressed homeowner should expect to happen when payments are missed:


30 Days Late: The lender will attempt phone contact or send a notice in the mail.

60 Days Late: The lender will attempt to make contact by phone and follow up with another letter in the mail.

90 Days Late: The lender will send a letter demanding all past due amounts within 30 days and start the foreclosure process.

120 Days or More Late: The lender’s attorneys will take over and the homeowner will be responsible for their fees in addition to missed mortgage payments and the loan amount due.


Not late yet, but about to be?


Homeowners that are not late but foresee missing payments should communicate this to their lenders as soon as possible. In the past, many banks wouldn’t work with homeowners unless they were one or more payments behind. In light of the mortgage crisis, most lenders would rather take a proactive stance and decrease their loan losses. They are more willing than ever to work with homeowners to avoid being late.



If you are visiting my website, you or someone you care about may miss mortgage payments in the near future. I can help navigate the process and put you back on a path to financial stability. Contact me today (954) 667.SALE (7253) and alleviate the stress that comes with unaffordable mortgage payments.



FTC/MARS Disclosure for short sale sellers: Green Realty Properties® is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.



Leading Listing Broker ::: Patty Da Silva and her REALTORS® are a tremendous asset to the South Florida real estate community. Serving Davie, Plantation, Southwest Ranches, Cooper City, Pembroke Pines, Weston Florida, Miami-Dade and Palm Beach Counties! For Customer Reviews Visit-


Help lots of people and have a great day!

Patty Da Silva, CDPE©, RESS®, AHWD®, e-PRO®, GREEN, CFS, TRC, RSPS

BROKER - REALTOR® Serving South Florida ::: 954. 667. SALE (7253)::: Green Realty Properties®

Visit & for SouthEast Florida's best properties.

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Tags: cooper city short sales, davie short sales, pembroke pines short sales, plantation short sales, southwest short sales


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