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CalAttorney2, Lawyer
Category: Real Estate Law
Satisfied Customers: 10212
Experience:  I am a civil litigation attorney with experience representing HOAs, homeowners, businesses and others in real estate matters.
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Why would a mortgage company file a 1098 form with the payee

Customer Question

Why would a mortgage company file a 1098 form with the payee as the mortgagor and the payor as the mortgage company.
Submitted: 3 months ago.
Category: Real Estate Law
Expert:  CalAttorney2 replied 3 months ago.

Dear Customer,

Coming from your mortgage company, the 1098 is going to be your annual mortgage interest statement.


If there is an issue with the names of the payor and payee being inverted, contact your lender (I recommend doing so both by telephone, but also in writing, please see my note regarding "confirmation letters" below), and ask them to issue a corrected form.

  • Confirmation letters: Keep written records of all communications - so if you speak to someone by phone, promptly send a follow up "confirmation letter" summarizing your conversation, who you spoke to, when, and any agreements you reached. Keep copies of your outgoing correspondence, as well as anything that you receive.

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