Would making every other mortgage payment (plus
penalties) avoid/delay foreclosure? Obviously, it would do a number on your credit. But, since your balance due every other month is $0.00, and the other missed payments get absorbed into the rest of the loan, can this short term payment method avoid/delay foreclosure? I assume it's much better than paying no mortgage payments at all, no?Should this person be in constant communication with the lender or at least let the lender know this is the best that can be done for now?Is it possible/legal for the lender to speed up/expedite the foreclosure process?I know these are a lot of questions, but they are serious real-life problems. My dad is the one in this situation. Thanks
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