Due Date:

 

If you have an account with Foreclosure Advisors LLC, your payment due date is determined by your original mortgage. If you are on a payment plan or forbearance agreement, your payments are due on the first of the month. If you are unsure about the due date of your payments, please contact our customer service department.

 

Payments will be applied to your account within 24 hours of receiving them. The payments received will be applied in accordance with the terms of your Mortgage.  This generally means that funds will first be applied to any payments past due. Once current, any additional available funds will be applied to outstanding fees, costs and advances prior to being applied as a principal reduction

 

Grace period:

 

A: Late charges are specified in your Note . A payment is considered late one day after the payment due date. However, late charges are assessed in accordance with the "grace period" as identified in your Mortgage Note. . Foreclosure Advisors has extended the grace period on all mortgages to 15 days if the Note documents do not provide for at least a 15 day grace period.