L
LeahRich
Guest
State of Texas
Letter was received from an attorney stating possible acceleration of mortgage note if payment not received by "x" date. Prior to receiving letter, payments had been sent.
Received "update" letter from attorney saying that mortgage holders (individuals) have received money but leaves a balance due and owing of $253 (attorney's fees). Letter states that amount must be received by no later than 2/6/02 or entire balance due on the note will be accelerated together with all interest and fees authorized under the deed of trust. If accelerated, letter states that property will also be immediately posted at the appropriate place(s) for sale at the earliest practicable date by the Trustee under the terms of the Deed of Trust.
Question 1: Are we required to pay this fee since we received the letter after the money had already been paid and the note is current?
Question 2: If we do not pay this fee, is it legal to accelerate the note as described in the letter?
Thank you in advance for your help in this matter.
Letter was received from an attorney stating possible acceleration of mortgage note if payment not received by "x" date. Prior to receiving letter, payments had been sent.
Received "update" letter from attorney saying that mortgage holders (individuals) have received money but leaves a balance due and owing of $253 (attorney's fees). Letter states that amount must be received by no later than 2/6/02 or entire balance due on the note will be accelerated together with all interest and fees authorized under the deed of trust. If accelerated, letter states that property will also be immediately posted at the appropriate place(s) for sale at the earliest practicable date by the Trustee under the terms of the Deed of Trust.
Question 1: Are we required to pay this fee since we received the letter after the money had already been paid and the note is current?
Question 2: If we do not pay this fee, is it legal to accelerate the note as described in the letter?
Thank you in advance for your help in this matter.
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