- Sep 20, 2007
- 13,318
- 14,854
Do you think this payment will show up on my report as a late payment in general, even if it’s not technically one that went to default? Or is this time frame still going to be between me and my bank only?
Home Buying & Real Estate Thread
- Thread in 'General' Thread starter Started by TYE_The Time Traveler,
- Start date
- Apr 2, 2007
- 28,607
- 54,395
Most mortgage lenders do not report a late payment to credit bureaus until it is at least 30 days past due. In this case, it would likely remain between you and your bank, and wouldn’t affect your credit report.
mplsdunk
Supporter
- May 25, 2004
- 30,658
- 41,574
I think you’re fine twin, I’ve forgot to pay too one time for two weeks and they didn’t report it.
- Sep 20, 2007
- 13,318
- 14,854
Preciate the info twin
- Apr 9, 2017
- 17,280
- 48,246
It probably won't but even if it does, a single late payment isn't going to do anything crazy to your credit score anyway
- Sep 20, 2007
- 13,318
- 14,854
I had a super late payment with capital one once cause of my annual fee and I had a **** ton going on at that time, so h didn’t even see it.
My score dropped a cool 50 points at the snap of a finger so I’m scarred now
My score dropped a cool 50 points at the snap of a finger so I’m scarred now
- Jun 22, 2018
- 5,327
- 6,584
Unless you're about to make a major purchase it's not anything to worry about. I've done this before on purpose and it cleans up easily. (Unless you're in process or about to make a major financed purchase).
- Sep 20, 2007
- 13,318
- 14,854
I actually called Capital One and made my case, send a letter requesting an exception and they approved. It got removed and my score went back up. I was thankful cause man that was a crazy time in my life.
- Jan 27, 2013
- 15,152
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- Feb 5, 2013
- 39,713
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be sure to look into all your local housing props
fact check fact check fact check
prop 33 here in CA is really gonna f ppl in b
fact check fact check fact check
prop 33 here in CA is really gonna f ppl in b
- Mar 16, 2020
- 3,487
- 6,734
Never let a corporation buy your home.
- May 25, 2001
- 22,207
- 16,508
they make grills and sports supplements/prohormones and own real estate. Whoever Mr Blackstone is is killing
- May 31, 2007
- 4,928
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These institutional buyers are offering 20% over asking, straight cash with no contingencies. Why wouldn’t a seller take that deal?
This is why I believe Govt needs to step in to incentivize selling to actual people/families, not these corporations.
- May 25, 2001
- 22,207
- 16,508
- Jan 17, 2013
- 8,002
- 6,891
I sold my house back in ‘21. I remember some company wanted to buy. All cash, quick close, at asking price. I turned it down. It was a hard decision but couldn’t stand these companies coming in tryna buy up everything….
- Feb 18, 2007
- 5,563
- 3,858
I got someone to accept my VA Loan earlier this month. So happy. Zero Down, No PMI and 5.8% rate which is pretty good compared to current rates. I was skeptical at first because people told me how sellers are reluctant to accept VA Loans because of stories of how strict the appraisals/inspections are but if you have a realtor who knows his stuff, its been pretty smooth.
sneakaprince
Supporter
- Apr 29, 2007
- 16,656
- 20,540
Happy it worked out. Those stories are true by the way. The VA appraisers are notorious for undervaluing a house.
- Mar 31, 2011
- 73,649
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It’s not just value, it’s the extra repairs/conditions too.
Definitely sucks to have vets basically get discriminated against over the last 4 years though.
Definitely sucks to have vets basically get discriminated against over the last 4 years though.
- Feb 18, 2007
- 5,563
- 3,858
from what I have researched so far, seems like the valuation doesnt seem to be the biggest hurdle but the request for repairs by the appraiser or meeting standards like adding handrails to steps or even being picky with a few paint chipping
I lucked out cause the house Im buying has zero problems and in amazing condition so appraisal and home inspection was a breeze
- Aug 9, 2014
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Man I just realized at my SFH I’m renting to a tenant that’s been there for 1 year, he didn’t put water bill in his name. We definitely talked about doing that- I have a text about it from when he moved in. I checked the power bill when he moved in and he already switched that right away, but didn’t do the water. Annoyed at myself for not catching it. House was vacant for like 3 months so I had water on my name, and county was billing on same bill as my primary residence. The bill shows the 2 houses and how much for each. I just never looked at it 
Adding up the bills right now and gonna have to call him. It’s also been 1 year on a 1 year lease, I know they don’t plan to move. Honestly they are the perfect tenant. I was planning to keep rent same. But now I’m thinking to see what he owes and figure out a fair monthly payment. IMO it was his responsibility to switch it, but my fault for not realizing. At the same time I’m sure he’s been aware he’s not paying the water bill
Adding up the bills right now and gonna have to call him. It’s also been 1 year on a 1 year lease, I know they don’t plan to move. Honestly they are the perfect tenant. I was planning to keep rent same. But now I’m thinking to see what he owes and figure out a fair monthly payment. IMO it was his responsibility to switch it, but my fault for not realizing. At the same time I’m sure he’s been aware he’s not paying the water bill
- Mar 31, 2011
- 73,649
- 118,572
Not a bad idea to bake the average water bill into the monthly rent. Here in MD the water bill stays with the owner’s name. In the lease there’s a provision as to who can pay that bill, but it can definitely be a huge pain if your tenant chooses not to pay.Man I just realized at my SFH I’m renting to a tenant that’s been there for 1 year, he didn’t put water bill in his name. We definitely talked about doing that- I have a text about it from when he moved in. I checked the power bill when he moved in and he already switched that right away, but didn’t do the water. Annoyed at myself for not catching it. House was vacant for like 3 months so I had water on my name, and county was billing on same bill as my primary residence. The bill shows the 2 houses and how much for each. I just never looked at it
Adding up the bills right now and gonna have to call him. It’s also been 1 year on a 1 year lease, I know they don’t plan to move. Honestly they are the perfect tenant. I was planning to keep rent same. But now I’m thinking to see what he owes and figure out a fair monthly payment. IMO it was his responsibility to switch it, but my fault for not realizing. At the same time I’m sure he’s been aware he’s not paying the water bill
- Aug 9, 2014
- 12,932
- 28,210
Yea we talked just now, he says he’ll take care of it, I sent him everything for his records and offered to take the first month off which included like 4 days prior to their move in. Wish I caught it sooner but idk how he didn’t realize it.
- Mar 31, 2011
- 73,649
- 118,572
Sounds like you have a pretty good tenant at the end of the day and it was just some confusion/miscomminication.
Certainly have come across worse outcomes
- Aug 31, 2012
- 12,552
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Me and my wife just got pre-approved for a mortgage so her stepdad, who is a contractor, recommended us a real estate agent.
We spoke to the dude over the phone last night but I couldn’t focus on anything he was trying to tell us because his smoke detector kept chirping in the background.
I told my wife we can’t trust this dude and we need to find a different realtor. She doesn’t understand why.
We spoke to the dude over the phone last night but I couldn’t focus on anything he was trying to tell us because his smoke detector kept chirping in the background.
I told my wife we can’t trust this dude and we need to find a different realtor. She doesn’t understand why.
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