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Updated over 1 year ago on . Most recent reply

User Stats

13
Posts
3
Votes
Madeline Mercer
  • Rental Property Investor
  • Newark Nj
3
Votes |
13
Posts

Financing my purchase

Madeline Mercer
  • Rental Property Investor
  • Newark Nj
Posted

HELP!   Short version.  I am in process of purchasing an investment property in New Jersey.  As I am preparing my documents for closing. I discovered my current mortgage is behind secondary to an increased in December; I am using automatic payments and didn't notice the partial payment notification. I rectified the problem but I now have 3 late mortgage payments. The question is: Is there anyway to recover from this, find financing and move forward with the purchase despite 3 months of late payments on my credit report?

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