This Is What the Bank Does After One Missed Payment⎟Ep. 2399
Miss one mortgage payment… what actually happens next?
In this episode, Ed and Andrew walk through the exact step-by-step process banks follow when you stop paying your mortgage – from the first missed payment all the way to a mortgagee sale. You’ll learn:
- The 7-step process banks follow
- How long does it really take before a home is sold
- Why one default could put your entire property portfolio at risk
The key takeaway? Missing one payment isn’t the end of the world – but ignoring it is. The earlier you act, the more options you have. And in tomorrow’s episode, we’ll talk about how choosing the right mortgage broker can help you set things up properly from the start.
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