My mortgage was sold? Is this standard?
Found out my mortgage was sold to a completely different lender/company/entity - I'm still unclear. Is this a normal practice or should I speak with an attorney? by george7946237226 from Benson, Arizona. Aug 19th 2014
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions
Happens all the time George, nothing to worry about - very standard and I'm sure you probably signed something during your loan process saying you knew it was possible. Nothing changes except where you send your payment.
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
This is very common and is usually not something you need to worry about.. your terms cannot change regardless of how many times your loan has been sold off.. 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
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