
Quoting
Amigos4
I shared the court's findings on this case with the Trustee/Lender. He told me his attorney advised using compound interest in the payoff calculations.
Surely, his attorney must be aware of the fact that Massachusetts disfavors the use of compound interest unless it is expressly worded in the terms of the loan agreement. What am I missing in my quest to understand the reasoning/justification behind the attorney's instructions to compute the payoff amount by using compound interest? Can you think of any possible explanation that would allow the terms of the loan agreement to change once the agreement has been signed by both parties?