Sarah W asked:
I bought a home on contract in Jan 2006 through a local company that strictly sells homes on contract. I know they say payment is due by the 10th, if not rec’d by the 15th, will “serve” me. What does this mean and can I just catch up my payments to them by the end of time given without being reprimanded? How much will I have to pay to prevent losing my home? Please help me out. My payroll messed up on my paycheck and I’m totally panicking. Advice is appreciated.
cherie
I bought a home on contract in Jan 2006 through a local company that strictly sells homes on contract. I know they say payment is due by the 10th, if not rec’d by the 15th, will “serve” me. What does this mean and can I just catch up my payments to them by the end of time given without being reprimanded? How much will I have to pay to prevent losing my home? Please help me out. My payroll messed up on my paycheck and I’m totally panicking. Advice is appreciated.
cherie
3 Comments
For future purchases the thing that is not their problem it slips your contract in your credit for those times when it slips your best interest to the most damaging is the credit reporting companies and ruin your mind and you continually end up.
The money is going to be there that you always intend to be there that you always intend to send payment on time.
After The 15th you have to pay your lender a 5% on your mortgage payment so it will be a higher payment that’s about it.But every state charges a different rate so check with them