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What is a corporate advance fee from mortgage company after

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Icon Mini Profile americantrainer





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Post Posted: Mon Apr 07, 2008 2:20 pm    Post subject: What is a corporate advance fee from mortgage company after
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I recieved a call from citifinancial saying I owe $84 for a corporate advance fee that is delinquent. I have never heard of this. Niether has my bankruptcy attorney. I closed our chapter13 on January 25 2008. Any Ideas what this is ? They said they would send a letter of explaination. I asked them to fax me, they said they would for a $15 fee.
Icon Mini Profile jenkin7
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Post Posted: Mon Apr 07, 2008 11:43 pm    Post subject:
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Hello Roxanne,

Welcome to the forum.

I have not heard anything like corporate advance fee. You should better contact with the citifinancial and ask them why they have charged such a fee.
Icon Mini Profile michelle
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Post Posted: Wed Apr 09, 2008 8:42 am    Post subject:
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Welcome to the forum americantrainer,

A corporate advance fee is generally charged by the lender anytime there is any type of special repayment plan arranged with the borrower; ie, forebearance or it sounds like Bankruptcy in your case. The fee is charged by the lender to cover the extra processing it takes to apply the payments correctly to your account.

Please let me know if you have any additional questions.

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Mary

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Post Posted: Tue Feb 03, 2009 10:05 am    Post subject:
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The lender is charging me a corporate advance fee and I have NEVER been late. I pay my mortgage on time and never. Why are they charging me that?
Meredith

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Post Posted: Wed Jul 06, 2011 5:36 pm    Post subject: CAF
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Can they charge you these Fees after you have been discharged from Bankruptcy? I am being charge over $1000 in these fees and they are telling me they are from 2004-2006
Icon Mini Profile smithsussane
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Post Posted: Wed Jul 06, 2011 11:04 pm    Post subject:
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Hi Meredith!

Welcome to forums!

Your debts get discharged in full if you file bankruptcy. I don't think anyone can charge you late fees. However, you can speak to your bankruptcy attorney in this regard.

Feel free to ask if you've further queries.

Sussane
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