Foreclosure and Loan Modification Blog

Coronavirus Q&A: Should You Make Your Mortgage Payments?

"Wells Fargo gave me a 3 month forbearance, I don't need to make any payments."
"If they can't foreclose, why should I make my mortgage payments?"
"Mr. Cooper is letting me skip three mortgage payments, I ordered new patio furniture."

How would you respond to each of these? Let's take a look.

[fa icon="clock-o"] Tuesday, June 16, 2020 [fa icon="user"] Jake Sterling [fa icon="folder-open'] coronavirus, covid19

Only if you have to.

If you can afford to keep paying your mortgage during a hardship caused by Coronavirus, keep paying your mortgage.
If you cannot afford to make your mortgage payments, our lawyers want to do everything possible to help you understand your options and be protected from your bank's misrepresentations.

Q: Why?

A: Because in our experience, most mortgage "disaster relief" becomes a nightmare.

[fa icon="clock-o"] Tuesday, March 31, 2020 [fa icon="user"] Jake Sterling [fa icon="folder-open'] forbearance, coronavirus