wolfthing2000
Member
What is the name of your state (only U.S. law)? oregon
I am divorcing
my soon to be ex wifes mother holds the trust deed on the property that I am residing in
my wife lives with her mother
my present mother in law has threatened demand for payment in full if I am ever even one payment late
The loan agreement says a 5% penalty will be imposed if payments aren't recieved by the 15th of each month.
can she do a demand for payment in full?
If for some reason she ended up foreclosing , isn't her daughter (my wife) also responsible for the mortgage financialy? both our names are on the loan agreement
I presently send the payment on time via certified signiature reciept mail every month and I copy everything.
What kind of problems can come of her threats and where do I stand as far as my rights involved with this mortgage now turned vendeta?
I am divorcing
my soon to be ex wifes mother holds the trust deed on the property that I am residing in
my wife lives with her mother
my present mother in law has threatened demand for payment in full if I am ever even one payment late
The loan agreement says a 5% penalty will be imposed if payments aren't recieved by the 15th of each month.
can she do a demand for payment in full?
If for some reason she ended up foreclosing , isn't her daughter (my wife) also responsible for the mortgage financialy? both our names are on the loan agreement
I presently send the payment on time via certified signiature reciept mail every month and I copy everything.
What kind of problems can come of her threats and where do I stand as far as my rights involved with this mortgage now turned vendeta?