Mortgage delinquency - sustany/dvg GitHub Wiki

Mortgage delinquency is a term often used in the context of real-estate to define a situation in which the borrower (homeowner) of a mortgage loan is late on required mortgage payments. After�a certain point of delinquency (this varies by state, but usually after 30-60 days) the lender�may begin foreclosure proceedings, which means the mortgage loan holder might take back the property or add late fees which will negatively impact the borrower�s credit.

Click here for information of foreclosures in New York State.�