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.

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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.

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Answered on 2/17/11, 2:49 pm
Anthony Roach Law Office of Anthony A. Roach

Yes.

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Answered on 2/18/11, 5:01 pm


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