Your friends may not have more choices than either pleading their case again with the mortgage company or - better -- finding some way to come up with the additional money in a week and then trying to find a way to either get a little ahead on payments or bank something from the next time either of them gets paid. A third option, though much more drastic, is to determine if a house is "in the cards" for them at this point. Houses are expensive to keep and keep up. They may be better off selling at some profit now and getting back on their feet before attempting home ownership again.

Without fail.

If you don't - major hassles, usually.

Steve's right - the contract rules.

Probably, in such a case, there wasn't any paper - issued, at any rate.

If the lady got a full-time job - how come the lack of fulfillment? On time, as agreed.

Variety may be the spice of life - but procrastination ain't, as I can testify to from personal experience.

Good wishes to your friends for getting this straightened out without too much hassle.

Could be the mortgage Co. is teaching them a lesson. Showing them that lack of fulfillment isn't to be taken lightly.

Could be that, since they defaulted, the mortgage Co. will require that they go back to paying the previously required amount from now on.

Non-fulfillment of contract frequently voids it.

You can't play games with these guys!

Well - you can. You can decide when you'll pay - this time. Only.

But - if you don't fulfill your end of the bargain - then the ball isn't in your court any more, and you must live with the consequences.

Some lenders' contracts state that if the borrower defaults on a payment, the entire amount of the debt becomes payable - right then.

Sorry to offer such tough suggestions.

ole joyful

many people think that a creditor is requried to take any and all payments, but the simple fact is that in most places they can demand full payment. We used to take partial payments on pager bills and rent we charged to customers. Then it got to where they were so far behind that we refused to take a partial anymore. We double checked with the state, and they said that ANY creditor can demand payment in full and REFUSE partial payments.

Since your friends worked out an agreement for temporary reduced payments, they should have stuck to it, even if it meant giving up something else. if they smoke or drink, they should have cut those out. If they go out to eat, they could skip that and fix meals at home, even the meals for their lunch breaks. Sell one vehicle and share the other one if they had 2 vehicles. cable or satellite tv, cut them OFF. almost anyone can easily find a way to save 500.00 or more a month.

My wife and i "have" almost a thousand dollars left over after mandatory bills each month, but before groceries and etc.. Sometimes things crop up and we have just enough to buy groceries. When they do, we pay our bills first, then buy store brand groceries. We had to do this recently due to our 18 month old having 2 hospital stays in 3 months. One stay is now paid for, and the other should be by next month. I personally try to pay off those type expenses immediately rather than pay them off over a long period of time. This way i do not add to my recurring bills, and only have a tough time for a month, rather than constantly adding recurring bills. If i really needed to cut costs due to hard times, i can cancel cell phone and satellite and save 200.00 instantly. Then i can cancel a few other items and get at least 300.00 more.

i sincerely hope your friends get this worked out. If they have credit card bills, tell them to skip a payment on those to make the house note THIS time. it will not hurt their credit any more than it already likely is. But if they do skip payments elsewhere, they need to IMMEDIATELY call the creditors and see if they will allow them to skip one payment jsut to catch up. then they should cut ALL non-mandatory expenses.

... both can make a house disappear - real fast.

Except - after a fire, you may have some insurance.

After a mortgage foreclosure, you may have some equity left to be returned to you.

Eventually - after the mortgage is paid off and all the (usually numerous - and expensive) ancillary costs are dealt with.

ole joyful