Behind On Your Mortgage Payments

If you’re behind on your mortgage payments in Portland it could be for a number of reasons. In this blog post, I’ll be going over the top reasons why people are falling behind on mortgage payments.

First of all, a mortgage payment loan is calculated based on several factors. The original amount that a bank or a lender determines as a monthly mortgage payment always changes for obligations that are attached to the loan.

If you have been approved for a real estate credit in Portland, Oregon.  You have to add the loan insurance, the property taxes, and the property insurance costs to your mortgage (principal + interest) monthly payment.

Depending on where your house is located in Portland or elsewhere in the state of Oregon. You may have other monthly payments such as homeowner association fees, natural disaster insurance, and so on.

An unforeseen change can be a factor for a person to get behind on the mortgage monthly payments loan. 

Going through a divorce, a health emergency, job loss, a business setback, or a situation outside of your control like the crisis caused by Covid-19 we are facing today, could put anyone in an awful economic position.

Late Payments Consequences.

When a person falls behind on their mortgage payments, they can see the consequences right away. Lenders automatically charge fines and interest for late payments. 

If the default continues for several months, the lender has the right to file a Foreclosure in the Oregon County court that has jurisdiction over the property.

Getting behind with other monthly payments associated with the house, and obligations such as:

property insurance. Homeowner Association fees.

Personal loans. Refinancing payment obligations.

Employee wages.             Labor or services provided to the property.

Will make you face lawsuits and as a consequence liens on your property.

Having a Lien against a property in Oregon makes it nearly impossible to sell or refinance your property until the debt is paid in full. 

Levies affect your credit score, decreasing your chance to get credit cards or car loans, as personal loans as well.

There are many consequences when you decide not to pay the debts.

Many people have not included the payment of property taxes within the monthly mortgage fees paid to the lender. 

Despite being up-to-date on mortgage payments, a homeowner may be in debt with property taxes.

In Oregon, a debtor who is delinquent for more than three consecutive years will receive notifications and will subsequently face foreclosure.

Your Personal Relationships.

Failing to meet credit obligations puts anyone in a critical state of stress. The person loses self-confidence, mental health and the relationship with family members, friends, and co-workers suffers in a negative way.

A high percentage of marriages divorce have a cause on the family finances. 

Children are always the most affected in this situation. 

In Oregon, the legal term for “Divorce” is “Marriage Dissolution.”

Feeling that family relationships are deteriorating is the same as feeling that you are falling into a deep dark abyss, which has no end.

It is true that emotionally we feel tied to the house where we share life with our spouse.

Where the children are growing up surrounded by good friends. 

That is the place we thought it would be our forever home and now is about to be lost.

 Take Action Quickly

Standing still doesn’t help at all. It is best to take action as quickly as possible. 

Selling your property and keeping debts from growing is a smart solution.

If it is necessary to get out of the problem immediately, the question would be:

Sell ​​the house through a real estate agent or contact an investor?

Selling your property through a real estate agent, in normal market conditions can take more than six months. Compare

The repairing or updating property costs, real estate agent commissions and the closing costs, can represent more than 8% of the sale value, money paid by the seller

Today due to the coronavirus crisis, the real estate market has dropped significantly. 

The Covid-19 epidemic has caused panic and no one wants to receive strangers into their home, so the number of homes for sale in Portland Oregon has also dropped down.

Selling your property to an Investor such as Better Off Home Buyers means:

– Not having potential buyers visiting your house and putting your family at risk of contagion.

– To receive a fair offer in writing for your property 

– A guarantee that the closing of the deal will be quickly and safely.

– At Better Off Home Buyers we have at our disposal all the tools including the technology needed to purchase your home in a safe way protecting your health, your family’s, and ours.

At Better Off Home Buyers we have helped many people who were behind on their house payments in Portland, Oregon.

Our purchase process is easy, fast and the owner receives cash for the sale of his house in a short period of time.

The homeowners communicate with us through our website or by phone. We call them back in less than 24 hours. Then we make an appointment to see the property.

Currently, due to the crisis caused by the coronavirus. We are taking all the sanitary measures recommended by the City of Portland, the state of Oregon, and by the CDC health authorities.

After inspecting the property, almost immediately we present a written offer to the homeowner.

If the homeowner accepts our offer. We close the deal in a short time, up to seven days in many cases.

Thanks to our help homeowners in Portland Oregon who were behind on their mortgage payments. Could take a new breath and begin to rebuild their dreams.

Anyone can have a financial problem, but you need to take action quickly. The faster you solve the problem, the more opportunities you’ll have to continue having a happy life with your family, your friends, and coworkers.

Contact Us!


Hi, I'm Scott Dalinger a real estate investor in Portland, Oregon. I focus on helping homeowners and rental property owners out of negative situations by offering cash for their property. I research and write about real estate on my business website.

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