Reply To: Can’t afford to carry on with mortgage payments


i think that the banks in general especially at the moment are not to keen on foreclosing as they don’t really want the property back in the current market, hence i’d take on board what ralita has said.

heard a story yesterday that somebody knows a person who hasn’t paid their mortgage for 12 months, they’ve been contacted by the bank basically saying lets forget the last 12 months ignore the interest if they start re-paying now!!!!

This i’m sure isn’t typical but does display that the banks are likely to welcome open and frank discussion and try and help you where they can.