General education. Verify dates with your servicer, court, or attorney.
Foreclosure.how

Catch up over time

Repayment plan

A repayment plan generally adds part of the missed amount to regular payments for a limited period. It can fit a temporary hardship when current income can support the higher payment.

Questions that change the decision

  • What is the exact temporary payment and for how many months?
  • Will fees, interest, or escrow changes alter the quoted amount?
  • What happens to foreclosure activity while the plan is active?
  • What happens if one plan payment is late or short?

Pressure-test the plan

  • Build the payment into a real monthly budget, not an optimistic one.
  • Confirm any expected income increase has already begun.
  • Ask whether a modification or deferral is available if the catch-up payment is not sustainable.