[lanier_2k5]

patient unaware of the foreclosure? an adult is 78 year old male, lives in his own home, makes mortgage payments from his pension check. he becomes ill, is hospitlaized for 4 monts, misses 4 months of mortgage payments. can the mortgage company begin foreclosure procedings when this individual was in the hospital and the company was not made aware. when the mortgage company is made aware, can they continue with the foreclosure or would they be obligaged to halt the foreclosure?

[llapczynski]

They sure can-he's behind they don't care he's in the hospital they want paid. Unless he was in a coma for the whole time wasn't ANYONE aware that he has a house payment? Call the bank ASAP and explain the situation and they might take pity-if he hasn't made a payment well there should be money to catch him up, right? Unless someone has been taking his money.

[Kellie Y]

Yes technically they can foreclose after one missed payment, but typically they wait until the third payment to start proceedings. There are still things that can be done try calling the mortgage company and asking for payment arrangements to pay back the past due payments or possibly a loan modification. For more information to help with preventing foreclosure visit smartmoneysteps.com.