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DELINQUENCY
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Failure to make mortgage payments when mortgage payments are
due. For most mortgages, payments are due on the first day
of the month. Even though they may not charge a "late fee"
for a number of days, the payment is still considered to be
late and the loan delinquent. When a loan payment is more
than 30 days late, most lenders report the late payment to
one or more credit bureaus. |
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Simplicity
Mortgage - 6180
E. State Street, Suite #5 - Rockford, IL.
61108
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