What Are the Consequences If I Default on My Mortgage?
Updated 10 days ago (March 6, 2026)
The consequences you could face for defaulting on your mortgage will depend on how many days you have been in default, or in other words, how long it has been since you were supposed to make a payment on your mortgage and did not. If you are in default for less than 15 days, usually there will be no major consequences other than your lender's dissatisfaction. After 30 days, your lender may report your default to the credit bureau, in which case your credit score will most likely decrease. If you remain in default for more than 90 days, your lender may initiate foreclosure proceedings. At this point, your default will most likely result in the lender seizing your property, and foreclosure will conclude once the property is sold to a third party in public auction.
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