Citizens Mortgage Corp, Licensed by The NJ Depart.
26-01 Pellack Drive FAIR LAWN NJ, 07410
Need Mortgage Help? (201) 398-0800

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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