Legal Question in Real Estate Law in California
Can your mortgage company refuse and return your check because the amount is too low?
Asked on 2/17/11, 11:59 am
3 Answers from Attorneys
George Shers
Law Offices of Georges H. Shers
Yes, they can insist upon full payment. Since they are allowed to consider the payment as being late even if you are only a dollar short, it does not really matter now short you are. Actually, it is to your avantage that they retur the entire amount to you as you can then use it for a month before having to pay again.
Answered on 2/17/11, 12:36 pm
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Most lenders and servicers will reject partial payments. This is not at all unusual.
Answered on 2/17/11, 2:49 pm
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