Instead of ignoring your mortgage payment problems, doing the following may help you in preventing foreclosure when you are not making your mortgage payments.
Respond to any and all mail or messages you get from your lender.
This is where you get a chance to ‘nip-this-foreclosure-in-the-bud’.
Why?
Because most of the first or early messages from your lender will contain helpful information about the options available for preventing foreclosure.
Now if you ignore these messages or don’t take any action then you’ll be getting mail or messages about pending legal action. That means you’re about to go to a foreclosure court or something similar.
Of course the best action you can take is to contact your lender as soon as you realize you are going to have troubles making payments before you get any notices.
Beating those notices from the lender to the punch makes you look a lot more responsible and responsive. Lenders will be more open and flexible in offering you options to help you through your difficult time.
(note: of course your lender may not always be so flexible but you want to, at the very least, increase your chances by responding quickly.)
And one final advice…
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