Legal Question in Credit and Debt Law in Texas

Pay off on home & acquiring title

I own a mobile home which was totaled during a move. We received a settlement from an insurance company. We verbally negotiated a settlement with the finance company, which was lower than the actual pay off amount. We sent them a cashiers check, marked paid in full, which they accepted and cashed. Now they have refused to give title to the home and claim we still owe them a balance. They are a large corporation. If they accepted and cashed the check is that a binding settlement?


Asked on 11/10/00, 2:42 pm

1 Answer from Attorneys
James Grissom Law Office of James P. Grissom

Re: Pay off on home & acquiring title

Marking the check paid in full is some evidence of their agreement to accept a lesser amount. Do you have any other paperwork to evidence this agreement? If you want assistance in this matter, please call me at 1-877-320-5232

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Answered on 11/20/00, 2:35 pm


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