If you’re a homeowner in the Raleigh, NC area and you are unable to make your mortgage payments, the lender may seize your property, evict you, and sell the home as it is written in the mortgage contract.
Once you begin having trouble making your mortgage payments you should contact your lender and explain to them your financial situation. This will give your lender the opportunity to work with you, and hopefully create a plan that helps you keep your house. Don’t stop paying your bills, and don’t wait until you can’t make payments to act on your financial hardship.
It’s often that many homeowners are embarrassed or scared to tell their lender that they’re having money problems. This is more common than most people think, and almost everyone will go through a financial hardship at some point in their life.