Real Estate Q&a
Lank, Edith, The Washington Times (Washington, DC)
FACING FINANCIAL TROUBLE
Dear Edith: In 11 years I have never missed a payment on my mortgage. (I have been late about three times by only a week or two.)
Now I have very little income because of a job loss. Although I am actively seeking employment, prospects are slim in the near future.
In the meantime, would it be feasible to contact my mortgage company and arrange to make partial payments on my mortgage? A friend's financial consultant told me this would alert the mortgage company that I am a poor risk. The alternative is to wait until I have exhausted my savings and then contact the mortgage company.
Don't wait that long.
By all means call the mortgage company. As long as you're making payments, …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Real Estate Q&a. Contributors: Lank, Edith - Author. Newspaper title: The Washington Times (Washington, DC). Publication date: February 23, 1996. Page number: 8. © 2009 The Washington Times LLC. COPYRIGHT 1996 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.