What happens if you default on an SBA loan?

If you pay a home loan in full four day after your default date, what happens next?

• This will be our first ever default and our mortgage company refuses to work with us. Every time we call to work things out they are very rude. We plan to pay the total amount owed four days after our default date, and can't come up with the money until then.

• Answer:

  You might have to pay some late fees, but no judge is going to sign a foreclosure order on a loan that's paid in full, even if it was paid late. Send the check.