If you are one of the 14,000 local borrowers that have fallen behind, communication is key. 23 News mortgage expert Terry Bloom says its never too late to reach out for help. Figure out who you need to talk to at your lending company. If that doesn’t work, Bloom says your best bet is call an attorney.
Bloom says the average Rockford homeowner buys five homes in their lifetime. One average lenders are slashing payments by nearly one hundred dollars.