Legal Question in Real Estate Law in Texas
mortgage payments
Our mortgage company raised our payments by $600 as of May '03, however we had already sent the May payment for the old amount, which would be a partial payment, but THEY ACCEPTED THE PAYMENT. Does this not constitute fair and legal notice that they will accept partial payments in the future?
Asked on 5/06/03, 9:58 am
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: mortgage payments
No. Your loan obligations are outlined in your Deed of Trust and other loan documents. You should have received copies when you purchased your home.
Answered on 5/06/03, 11:35 am