A Reddit user is struggling with a $17K mortgage debt after family deaths and Hurricane Helene caused financial distress. Despite being six months behind, he has resumed regular payments for the past three months as his wife returned to work. The poster is concerned about potential foreclosure but has hope that the bank will cooperate, as financial institutions generally prefer to avoid the costs associated with foreclosure and may offer a loan modification instead.
The good news for the Reddit poster is that banks usually really don't want to take your house. Foreclosure is expensive for them, and then they get stuck with a property in unknown condition that they have to potentially fix up and try to find a buyer for.
Since his wife is working again, the couple can keep making those payments. What they cannot do, though, is come up with the $17K all at once to pay the bank.
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