If you are having problems with mortgage arrears, you know that there is no
other debt that will cause so much headache, anxiety, and panic. After all, you can live without cable television, you can deal without having you nice new Toyota and just go back to driving your old Chevy, you can even live without the credit cards and the morning latte or the spa visits but you cannot live without having a roof over your head. While it is ideal to head off mortgage arrears before they happen, once you are facing them you will need to deal with them quickly and decisively.
Since the lending industry has been exploding, there are a wide variety of different kinds of lenders who are currently holding a mortgage. Arrears are treated differently by each lender. The reputable ones will gladly work with the individual borrower to see what can be done to help her or him get the mortgage arrears caught up and current, while some of the not so reputable ones will simply want to bide their time until they can sell off the paper to a foreclosing agent. Find out which category your lender falls into by giving them a call to see what they can do for you.
If your lender is...
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