30 Days Past Due and Multiple Missed Payments

Once the account becomes 30 days past due, the delinquency is usually posted to the homeowner’s credit report. If the loan servicer has not called or sent out contact yet, they typically will at this point. The homeowner should attempt to work with the servicer at this point. Testing other options such as a modification, payment plan or forbearance agreement might, at the very least, put the foreclosure process on hold.

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