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Updated about 4 years ago on . Most recent reply

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Justin Smith
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In Escrow With 60 Day Late Notice???? Am I Toast?

Justin Smith
Posted

I bought a new investment property a few months ago, and the lender mailed my mortgage bill to the investment property and not my primary residence.  I have numerous properties so I lost track of it for a little bit, and when I found out I paid the entire late amount in full immediately......but they put a 60 day late notice on my credit report (its nice when they send my delinquent letters to my rental property).

Long story short Im currently in the middle of a conventional escrow and this popped up on my score yesterday.  I have 8 houses, perfect credit for the past 20 years.  Am I out of luck here and have to pull out, or can I explain this to my lender and maybe they can make it work?

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