Blog Post 1: What Happens If I Miss Mortgage Payments?

Life happens. Whether it’s a lost job, unexpected medical bills, or family emergencies — missing a mortgage payment can feel overwhelming. But you’re not alone, and you do have options.

Here’s what typically happens:

• Day 1–15: Most lenders offer a grace period. You may be able to make your payment without penalty.

• Day 16–30: A late fee may be added, and your credit could be impacted.

• After 30 Days: The loan is officially delinquent. Your lender may begin sending warning letters and report it to credit bureaus.

• 90+ Days: You may receive a Notice of Default. This is the first step toward foreclosure.

What you can do now:

• Communicate with your lender — many offer forbearance or hardship plans.

• Explore loan modification programs or refinancing.

• Sell the home before foreclosure hits your credit — this is where we come in.

At Prosperity85, we help homeowners in tough spots sell quickly and get a fresh start — no judgment, no pressure.