Can a mortgage company that you had 12 yrs ago and you refinanced to another mortgage company evict you from ?
american_eskimo_lover asked:
your home?
DANTE
your home?
DANTE
Refinance Home Loan Mortgage – appraisals precautions
blog about refinancing home loans and mortgages
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JAMAL
Only if bank #1 bought the mortgages from bank #2
MELVIN
If they no longer hold the mortgage on your home, then I would say no.
MAXWELL
Mortgage companies sell mortgages to one another all the time. In fact, at closing there was a transfer 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 back from the one you refinanced with. And if you don’t pay it, then yes, they can foreclose.