Real Estate Law
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Good afternoon. If your note does not a pre-payment clause restricting you from paying off the amount due, then the holder of the note has no recourse, and he/she has to accept the full amount to payoff. If he/she refuses, after you send a letter stating that you would like to pay off the note, then the only way to force them to accept the payoff is a court action and an order from a judge. Check the language of your note to see if there is any payoff restrictions though.
I hope this helps with your question.
Then there is no legal reason to deny the payoff in full.
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