Being late on mortgage payment after 341 ?

[Gabriel_S]

Hi all,

Man I'm in a huge dilemma. My 314 is on Dec 30th. My mortgage and car payments are up to date. Problem is, we just got hit with a major snow storm here in Seattle. Our company needs to shut down for a few weeks meaning I will have to file for unemployment till we open up again (everyone is on call till the freeze passes us by). Obviously missing 2 or so weeks is gonna kill my paycheck (at least cut it in half) and I probably won't be able to fulfill my mortgage obligations in Jan. Can they foreclose on me for this? Any suggestions would GREATLY appreciated. Man these are hard times !!!!!!

Thanks a ton
Gabriel

[Tbornetun]

They will not begin foreclosure for one late/missed payment.

[hereforinfo]

I don't think they'll begin foreclosure until you are 3 months past due. You should call your lender and let them know your employment situation and ask them to defer next month's payment. There's a good chance they'll let you skip it and add it onto the end of the loan or something. Most lenders will work with you in a situation like that.