I am one payment behind on my mortgage

htrmama64 · Joined: 26 Jun 2008 Posts: 2 1.56 Dollars($)

I am making two payments in july, but the mortgage company is telling me I have to make the one payment by june 30, I won't have the money until the 3rd day of july, and the following week of july, what will they do if I wait till the the 3rd of july and the week after?

brian1 · Posted: Thu Jun 26, 2008 6:56 pm Post subject:

Probably show you as 2 months late on the credit and tack on additional fees?
Just an educated guess.

Good Luck
Brian

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi htrmama.

Welcome to the forum.

I agree with Brain that the lender may charge late fees and it will be shown two months late on your credit. It will also drop your credit score to some extent. Better pay it ASAP.

Best of luck,
Larry

smckaybiz · Posted: Fri Jun 27, 2008 2:45 am Post subject:

Hi htrmama,

A lot of collections departments are ruthless nowadays and I've heard of them even threatening forclosure even after just a 30day past due. I would relax a bit. These are nothing but hollow threats because with the hit mortgage companies are taking nowadays they wouldn't forclose on a house unless they absolutely have to. You have to realize that the people calling you have a quota they have to meet and unfortunately some of them will do whatever it takes to hit that quota. Aside from a few rare instances, most collections depts are very hard to deal with.

Good Luck!

htrmama64 · Joined: 26 Jun 2008 Posts: 2 1.56 Dollars($)

thank you very much, the actual payment is due on the 15th of each month, so if i pay two payments by the 15th of july i should be fine. they are telling me i missed mays payment yet i have the copy of the check right here.

brian1 · Posted: Fri Jun 27, 2008 6:08 pm Post subject:

Get them a coipy of the check It will cause you nightmares dealing with credit repair if they do not show records of it being paid and you go on assuming that since you paid it all is fine... Make sure they document that payment ASAP.

brian

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