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Real Estate Glossary

What is Late Payment?

A payment that is received after the due date specified in the loan or credit agreement. Late payments can result in a late charge and can also have an impact on credit scores. Being consistently late on payments can also lead to the lender or creditor taking legal action, such as foreclosure or repossession.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
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