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How can i find out how much my loan was sold for and to whom

by kendrapetersen596 from Anaheim, California. Feb 6th 2014 Reply


Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

There is no way I know of to find out how much the loan was "sold for". Usually it is sold to an investor such as pension fund or insurance company along with 10's of thousands others. There is a difference between what investor "owns" the mortgage and where you make your payment, the loan "servicer" which is like the landlord for your mortgage, they collect the payment and make a very small fee. You'll be officially notified when/if the servicer changes, who you have to make the payment to every month, usually both by the original lender and the new one.

Feb 6th 2014
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Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions

Please be more specific- was your loan sold to a different servicer?

Feb 7th 2014
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Sold as in transferred to a new lender, or in a foreclosure?

Feb 7th 2014
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

More info is needed to answer your question. You are currently paying on your loan? Did your servicer change or was your loan sold? There is a difference between the servicing rights being sold and your loan being sold. Either way you can find out who the servicer is and most likely who bought your loan ie Fannie or Freddie. How much it was bought for is a difficult question, as the loan balance is usually assumed by the new owner if sold. If this was a foreclosure then that is entirely differnt

Feb 7th 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

When loans are sold, they are usually packaged with 1000's of other loans.. the price is for the entire block.. what it was sold for is a number you will never know.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 7th 2014
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