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.

Follow Ups:

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

Name    : 
E-Mail  : 
Subject : 

Comments:
: 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.


Optional Link URL : 
Link Title        :