Legal Question in Real Estate Law in New Jersey

Mortgage

Do I have to accept the payoff figure for a mortgage if all the terms of the mortgage are not met? Also, what happens if I do not accept the payoff figure?


Asked on 7/26/06, 5:58 pm

1 Answer from Attorneys

Robert Davies The Davies Law Firm, P.A.

Re: Mortgage

I do not understand your question.

A payoff is usually the dollar amount which the mortgage company tells you is what you the homeowner would have to pay to fully pay off the mortgage.

If the mortgage company has told you a certain dollar amount, you have the right to disagree with that amount if you think it is wrong.

I do not know if this is what you are asking about. If you would like, give me a call; I am in northern New Jersey. The telephone consultation will be free. I would be happy to help you out.

My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru.

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Answered on 7/26/06, 6:05 pm


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