2007-08-15 12:14:10 · 4 answers · asked by joao c 1 in Business & Finance ➔ Renting & Real Estate
you will be notified by mail by the company that buys your loan. keep making your payments, as the money goes into a holding or escrow account for the new mortgage company.
good luck :)
2007-08-15 12:20:16 · answer #1 · answered by Blue October 6 · 0⤊ 0⤋
from the home owners viewpoint ... essentially nothing.
you still have to pay and you have to pay the same maount to the same people [unless and until oficially notified otherwise].
if you don't pay, you'll still be foreclosed on and evicted, just like always.
***
There is no such thing as a free lunch.
2007-08-15 19:28:59 · answer #2 · answered by Spock (rhp) 7 · 0⤊ 0⤋
The loan will probably get sold, if it wasn't already...you are fine (99%).
2007-08-15 19:46:52 · answer #3 · answered by NY PTK 4 · 0⤊ 0⤋
You will be notified by someone offical regarding your payments. Do not spend that money, save it.
2007-08-15 19:25:27 · answer #4 · answered by Alterfemego 7 · 0⤊ 0⤋