2007-08-16 06:12:11 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Another company will pick up there mess but it wont affect your rate.
2007-08-16 06:28:08 · answer #1 · answered by x0nix 3 · 0⤊ 1⤋
I have a couple of loans w/ Countrywide. In the long term, someone else may end up buying my mortgage and I'll send them my monthly check. In the short term, possible confusion. Because of the sheer number of accounts Countrywide services, that monthly check could end up going nowhere. Not a pleasant possibility.
2007-08-16 13:30:10 · answer #2 · answered by CMass Stan 6 · 0⤊ 2⤋
Means you WILL be sending your checks to another company who buys out the loans from CW. You will notice absolutely nothing different until you get a new company name to make the checks out to.
2007-08-16 13:20:05 · answer #3 · answered by Anonymous · 0⤊ 2⤋
Their assets will go into bankruptcy court, and they will be divvied up to the highest bidder. That means another bank, brokerage, or individual will get the loan note.
2007-08-16 13:21:13 · answer #4 · answered by Anonymous · 0⤊ 2⤋
Maybe I didn't hear all the news. I thought they were just filing bankruptcy, not going out of business.
2007-08-16 13:45:40 · answer #5 · answered by ? 4 · 0⤊ 1⤋
The accounts will probably be bought by another mortgage company.
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2007-08-16 13:22:21 · answer #6 · answered by ? 7 · 0⤊ 2⤋
your loan will be sold to another company....
2007-08-16 13:15:55 · answer #7 · answered by lauren s 5 · 0⤊ 2⤋