By Lisa Larson , Contributor – USNews
Even the most careful planners and savers can get caught up in an unexpected financial setback. A layoff, a legal matter or a serious medical issue can quickly find homeowners facing the worst-case scenario: What if I can’t make my mortgage payment?
Here are nine things to consider doing when you can’t make your mortgage payments:
- Get good advice.
- Refinance.
- Make a forbearance agreement.
- Get on a repayment plan.
- Modify your loan.
- Sell your home.
- Sell your home in a short sale.
- Opt for a deed in lieu of foreclosure.
- Avoid scams.
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