Posted by Jim IL on January 26, 2001 at 04:51:58:
Nope, not in my opinion, which is based on my experience with a few deals.
Think of it this way.
Do you really think the person at the lender who recieves that check sent to them and enters it into the computer is the same person who makes the decisions about calling loans due?
Do you think that person is trained to look for checks from someone other than the person on the note?
That person is probably a data entry clerk, and they don;t care who the check is from.
Likewise with the rest of the employees at the lender.
Besides, is the fact that the payment sent in is coming from someone other than the person on the note a sign that the D.O.S. clause has been violated?
Could be a relative, and accountant, a financial advisor or any number of other people.
Bottom line is lenders care about whether or not the payments are made, not by who.
Hope this helps,