Pathway Mortgage
39555 Orchard Hill Place Suite 600 Novi MI, 48375
Need Mortgage Help? 248-587-7007

What Happens When a Mortgage Payment is Missed?

Unfortunately, Foreclosure can happen. By missing a mortgage payment, your lender has the legal means to repossess your home and force you to move out. If your property is worth less than the total amount you owe on your loan, a Deficiency Judgment could be pursued. Both a Foreclosure and a Deficiency Judgment can affect your ability to qualify for credit in the future. So you should avoid foreclosure, if possible.

LenderHomePage Powered By LenderHomePage.com