Call us today at (702) 838-9922
or toll free at (844) 740-4007

Lone Mortgage
5275 S Durango Dr
Las Vegas Nevada, 89113
NMLS #328524
Need Mortgage Help? 702-838-9922

What Happens When a Mortgage Payment is Missed?

Unfortunately, Foreclosure can happen. By missing a mortgage payment, your lender has the legal means to repossess your home and force you to move out. If your property is worth less than the total amount you owe on your loan, a Deficiency Judgment could be pursued. Both a Foreclosure and a Deficiency Judgment can affect your ability to qualify for credit in the future. So you should avoid foreclosure, if possible.

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