Legal Question in Business Law in Mississippi

15years ago i bought a motel in mississippi on a owner finance deal,iowed him $340,000 at 10.50% intrest but the amortirazion came in almost $40 per month more than it shouls have been,so i on correct recalculation i paid off in 177 instaments instead of the 180 payments i singed for on a promisory note .my question is am i still liable to pay the full 180 payments or have i paid off my load now that its established the original amotirztion shedule was incorrect


Asked on 3/20/15, 6:58 am

1 Answer from Attorneys
Anders Ferrington Anders Ferrington PLLC

Has the debt been totally paid? Much depends on the definition under the original contract. Without seeing the original contract I cannot answer. Please consult with an attorney to give you a proper answer

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Answered on 3/24/15, 11:37 am


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