Q: Can mortgage company refuse to talk to the administrator of an estate regarding the deceased property ?
Mortgage company is telling me and estate lawyer they can not discuss loan with either us until they review the administrator of estate legal documents from the courthouse, said they have 30 days to review . House being auctioned. I , administrator wired them $3,000 to hopefully stop the auction and the mortgage company said they could accept payment or could reject it ? This is legal for them to be so rude and refuse to let us know what is going on ? Does not seem right at all.
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- Tennessee
- (865) 637-3035
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- Answered
A: Yes. About the only real right you have is to tender payment in full of the Note with all penalties. If the NoteHolder refuses you payment, then file suit in Chancery to have a Waiver Declared such that the Note is satisfied.
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