Can a mortgage company that you have 12 yrs ago and you refinanced to another mortgage company evict you from ?
your home?
Answers:
If they no longer hold the mortgage on your home, consequently I would say no.
Only if bank #1 bought the mortgages from bank #2
Mortgage companies sell mortgages to one another all the time. In certainty, at closing there was a verbs document that you signed. (I know because I did mortgages for a long time)
So, it may be that the company you were with 12 years ago bought it pay for from the one you refinanced with. And if you don't pay it, after yes, they can foreclose.
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Answers:
If they no longer hold the mortgage on your home, consequently I would say no.
Only if bank #1 bought the mortgages from bank #2
Mortgage companies sell mortgages to one another all the time. In certainty, at closing there was a verbs document that you signed. (I know because I did mortgages for a long time)
So, it may be that the company you were with 12 years ago bought it pay for from the one you refinanced with. And if you don't pay it, after yes, they can foreclose.
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