Can a lender charge you interest for missed payments?

Posted by Jo on December 03, 2002 at 13:51:32:

I have a buyer for my house. The house is 4 payments behind. I request the payoff, and they are charging me for the interest of the missed payments plus the principal. I thought that I could just pay off the principal. I live in Illinois. Thanks.

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• Re: Can a lender charge you interest for missed payments? - Nick(Colorado) 14:22:33 12/03/02 (0)

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: I have a buyer for my house. The house is 4 payments behind. I request the payoff, and they are charging me for the interest of the missed payments plus the principal. I thought that I could just pay off the principal. I live in Illinois. Thanks.


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