What is a “workout” resolution?

Generally, a “workout” resolution involves resuming payments and arranging to pay the past-due amount over a short period of time. Sometimes, lenders will allow a "loan modification" which might lower your interest rate or extend the final due date of your loan — making your monthly payments lower.

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1. What happens if I miss my mortgage payments?
2. What should I do if I get behind in my mortgage payments?
3. What is a “workout” resolution?
4. Where can I go to find help?