Countrywide Home Loans Works To Make You Go Into Foreclosure Plano, Texas

Unfortunately when you make a payment more than 1 month behind (30 days) that payment is going to go towards your past due and any late fees first. You said you paid off the month you missed over several months. Countrywide did not apply the payments that way. Everything you paid went towards your past due amount and any fees first....which made your payment for the current month you where paying to be not paid in full so then the current months payment went into 30 day late status.

To defer a payment you have to meet a certain criteria with the mortgage companies. In this day and age with the mortgage crisis we are going thru right now the day of just being able to defer a payment on the drop of a hat is over. Banks are not required to give you that as a option ....in your contract you said you would pay on a certain day and you did not. Always make sure you have a deferment in writing and if you do not be prepared to have your credit trashed because they will always apply payment to the past due amount first.

With a lot of banks even if you do have a deferment plan they still report you as 30 days late for every month you are behind until you are caught up because technically you are. Some mortgage companies will not even except payment if you are 30 days late unless you pay the past due month and the current month owing at the same time to bring it completely up-to-date.