can a mortgage not accept your payments when you are sending the late charges with the payment if it is a few days past the due date
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
can a mortgage not accept your payments when you are sending the late charges with the payment if it is a few days past the due date
i am in a chapter 13 were i send my mortgage payments seperate. i have making these payments some were a few days past the due date, but each payment i make sure and send the late fee amount. can the mortgage company stop refusing my payment even though i am sending my late fee and foreclose on my home
Asked on May 25, 2009 under Bankruptcy Law, South Carolina
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 15 years ago | Contributor
Yup, the mortgage company can refuse to accept your payments. This isn't a friend, wherein things may slide. A company has serious business and you made a contractual agreement with this company. In fact, the mortgage company can now simply refuse your payments, force you to pay with money orders or cashiers checks or other limits.
Think about a possible modification -- maybe that will help you lower your payments.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.