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To: DrewsMum; texasredtop; NautiNurse

I found some more information.

I just called my mortgage company and asked about a deferral of this months payment, because I could really use it for repairs.

I know this isn’t for all mortgage companies, but it could be a guideline for your calls.

There is no deferrement, per se.
Option 1) 2 month forebarence clause. You have until the end of month 2 to bring loan current, however you wish to do so.
Option 2) if loan is due 10/1, you don’t become deliquent until 10/30, so is possible to not make payment until then to use funds to get caught up on repairs. I get paid every two weeks, so I could flop what gets paid when and be able to use what was going to be my payment to make repairs and then pay mortgage out of next check.

It’s not a perfect option, but if you have some flexibility and your repairs are going to be less than your insurance deductible, this could be a viable alternative to getting things done.

Hope it helps a little.

RS


3,512 posted on 09/17/2008 3:47:52 PM PDT by RikaStrom (Inwood North - near Montgomery and West Gulf Bank)
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To: RikaStrom
Loved your story about the school band back to practicing.

Good info about the mortgage deferral in a tight situation. Hopefully, they won't sock you too hard with late fee penalty.

Tip: Keep an eye out for your electric bill. With electricity out for several days, you power bill should be less than usual. Unfortunately, all too often following a storm, the electric company cannot/does not read meters for a month or two. As a result, you electric bill will be based on prior months (e.g. peak load for July/August), and your electric bill may well be a whole lot higher than it should be. If this happens, call the company with your actual meter reading in hand. They will probably try to talk you into waiting a month or two to make adjustments. Be persistent, and they will make the adjustment.

3,524 posted on 09/17/2008 4:44:05 PM PDT by NautiNurse (Palin won more votes in her Wasilla Mayoral race than Biden got in his 2008 Pres run)
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