Forgotten Your Password?

Need to Register?

Question Icon

Can they just remove him from the loan and deed? and is it possible to sell my mortgage to two different companies 2 months aparts

by plareau783 from Tyngsboro, Massachusetts. Jul 14th 2014 Reply


Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

Who is they? The investor of your loan and/or servicer can change at any time without and the only thing they need to let you know is if your servicer changed as they need to let you know who and where to make your payments.

Jul 14th 2014
0
0
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

No, your husband cannot normally be removed without a new closing. Yes, the servicing on your loan can be sold more than once in two months - that isn't normal but it can happen.

Jul 14th 2014
0
0
Phil Georgiades (phil@fedhomeloan.org)
#994 ranked lender in California - 21 contributions

There are many parties to a loan. The investor owns the debt but the servicer collects the payment. For example, Wells Fargo may send you a statement but the investor can be a hedge fund. The debt and the servicing rights are sold often. When the investor sells their interest, you will likely never know. However, when the servicer changes, you will always know. - Although you can quitclaim a person from title to a property, you cannot remove them from the loan unless you refinance to a new loan.

Jul 14th 2014
0
0
Subscribe to our news feed.