I live in Puerto Rico. I bought a house here and recently my mortgage was sold by a local bank to a company in Utah. I just lost my job and the economy is so bad here it may take several months (or longer even) for me to find another. I am going to fall behind in my mortgage payments, I know this already, but I'm wondering how long I can get away without paying before they start foreclosure. The house would not be an easy sell even for a local company as it is in fairly bad shape and not located in a desirable location. Any advice would be greatly appreciated!
Read more: How long can I not pay my mortgage?
