Missing 3 payments will start the foreclosure process, at that point it's called a notice of default (NOD)
After about 3 more months, they could foreclose. 100 days.
At that point they will be 6 months behind.
Their credit scores will start going down after the first 30 day late, and get progressively worse from there.
It's not good to pay your mortgage more than 30 days late.
the July payment should be paid in July, not August.
Mortgage lates 30-60-90 days late will kill your credit score and any chance of getting a decent loan for at least 12 months.
There is much more to understand about this, but it isn't good.
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