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Home / Opinion Digests / ‘Gimmick’ with money order didn’t satisfy mortgage (access required)

‘Gimmick’ with money order didn’t satisfy mortgage (access required)

Where a mortgagee had an undisputed outstanding principal balance of $60,000, his tender of a $890 money order with the words “tendered as full satisfaction of the claim” inscribed in tiny, nearly indecipherable handwriting at the bottom and the mortgage servicer’s subsequent cashing of that money order did not discharge the mortgage based on an ...