Mortgage company rejects payment

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Monkey4

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I recently sent in a monthly payment to the mortgage company only to have it returned stating that "these funds do not represent the full amount due to reinstate my account at this time." If we do not come up with the full amount owed they will proceed with foreclosure. Obviously I do not have the full amount we owe or I would have already paid them. Can they reject a payment? What can I do?
 
Yes, they can reject the payment. What you need to do ASAP is to call your lender and try to negotiate with them payments before it is too late. Communication is key here!
 
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