Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

Kenny955

(14 posts)

6. I believe...

Reply to Igel (Reply #4)

Sat Aug 22, 2020, 12:22 PM

Aug 2020

Even if its deferred, you still have to pay in whole. So if you deferred 6 months, on month 7, they are going to want 6 months of payments plus the current payment that's due. Deferrals will most likely lead to foreclosures, homeowners are only buying time hoping for a miracle.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

11 replies

= new reply since forum marked as read

Highlight:

Mortgage Delinquencies of At least 90 Days Rise To Highest Level In 10 Years [View all] appalachiablue Aug 2020 OP

Seems like the sensible solution would be to pass legislation to help some of these people. cstanleytech Aug 2020 #1

I've read a number of articles like this. Igel Aug 2020 #4

Either way though it could be the help that might keep us cstanleytech Aug 2020 #5

I believe... Kenny955 Aug 2020 #6

That sounds correct but I'm not positive. Welcome to DU. appalachiablue Aug 2020 #7

The answer is not clear cut melm00se Aug 2020 #11

red don's cronies licking their chops not fooled Aug 2020 #2

The way it usually goes sorry to say. Although I think appalachiablue Aug 2020 #8

We must blue-wave Aug 2020 #3

Correct on that, much more and we're lost appalachiablue Aug 2020 #9

Coming soon to a bank near you... MissMillie Aug 2020 #10