We bought our first home last year and it was an REO. We had some unforeseeable expenses come up throughout the year and has made me late on my mortgage for the last 3 months.I received a Notice of Intent to Accelerate last month and it gives me until this Thursday to either make one month's payment or the entire past due. I won't have the money until next week to make the one month's payment. I have BofA (Southern California) and they said that if I don't make the payment by Thursday, the proceedings will begin. Of course being a new homeowner, I am scared. I love my house. We don't qualify on the loan mod program. I did forget to ask about a Forbearance. Any ideas as to what I should do? Can I wait until next week to make the payment and will it stop the proceedings?

-Jennifer