can a mortgage company do anything legally if you are paying your payment 29 days late?
2 Answers from Attorneys
As long as you pay within 30 days, the late pay should not be reported. The mortgage company will charge you a fee for the late pay though so you have to pay not only the mortgage but the late pay amount too so that this does not happen.
What else do you think will happen?
Most mortgage companies will likely add just a late fee assuming your note provides for one. It probably will not appear on your credit report unless you reach 30 days past due, in which case it will harm your credit history.
A mortgage company can foreclose if a payment is late, but it would be highly unusual to do one without a far longer period of non-payment.