Once you realize that you are having difficulty making your mortgage payment, you should reach out for help as soon as possible, possibly by contacting your mortgage company. This will help to minimize whatever interest or fees may accrue because of a late or missed mortgage payment. Ignoring the fact that the mortgage is due will only make things worse.
If you choose to hire a professional to help you understand your options, the professional will tell you everything that you need to know. They will tell you what paperwork you need to fill out, and will gather whatever information from you that they may need. They will communicate with the mortgage company on your behalf, then discuss with you to determine the best course of action.
However, if you choose to contact your mortgage company on your own, you should have an idea of what your income and your expenses are, why you missed your mortgage payment, and what you are doing to try to make the payment. You should keep detailed notes of each and every contact with your mortgage company, in case the next representative that you speak with does not have access to notes from the previous contact.
The Mortgage Modification Center
If you are having trouble paying your mortgage, and are interested in learning more about your options, reach out to the Mortgage Modification Center at (401) 467-7998. Attorney John S. Simonian has helped numerous homeowners who had difficulty paying their mortgage with a mortgage modification. A mortgage modification changes a term of the mortgage so that it is more affordable, and the family can avoid foreclosure and stay in their home.