I have been there, felt that pain, wore that tee shirt.  Your house payment is late.

How does this picture go?  Within a day or two you will start getting calls from the lender.  Remember, you are the servant.

Actually though, if you haven’t made the payment within 30 days on the 31st day you become one over 30 on your credit report.  If you had made a partial payment as we noted last time you could make the other half and late fees and start over with the late process.

Continue on, making other bills other than the house payment and one month turns to two then you are in a critical stage because at 30 over 30 days late foreclosure becomes real.

From observation, I have notice the first thing on a troubled home owners mind is to borrow the path out of debt.  Once a house payment is documented as late, it is almost impossible to refinance.

What are some options to do during troubled times to avoid this train wreck?