San Mateo, CA asked in Real Estate Law and Foreclosure for California

Q: Would there be a foreclosure risk if we hold on to mortgage payments until we hear back from the mortgage relief

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1 Lawyer Answer
James L. Arrasmith
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  • Foreclosure Defense Lawyer
  • Sacramento, CA
  • Licensed in California

A: Under California law, holding off on mortgage payments while waiting for a response regarding mortgage relief can be risky. Foreclosure proceedings can be initiated by your lender if you miss payments, even if you have applied for mortgage relief. It's important to keep in mind that the application for relief does not automatically pause your obligation to make payments.

You should communicate proactively with your lender about your situation. Many lenders are willing to discuss potential solutions or temporary adjustments, especially if you are facing genuine hardship. However, until a formal agreement is reached, your original mortgage terms remain in effect.

To avoid foreclosure risk, it's advisable to continue making payments if possible. If making full payments is not feasible, consider paying what you can and keeping the lines of communication open with your lender. Remember, each situation is unique, and the lender's willingness to accommodate may vary.

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