A "balloon" payment will be due at that time. The bank has NO OBLIGATION to refinance or give you more time.I still don't understand what is in foreclosure, unless you are behind in the monthly payments. Can be used for traditional installments or balloon payment. Many standard forms are available below. All forms are categorized into their respective departments. Reprinted: March 7, 2023 to include revisions. Servicing ; Chapter 2. In 2016, Lowell Five ranked 51st out of 501 lenders that originated or purchased at least one home mortgage loan in the overall assessment area. Shall be required to retake and successfully complete the prescribed course in real estate and the examination.