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
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Comments

3 Responses to “Can a mortgage company that you had 12 yrs ago and you refinanced to another mortgage company evict you from ?”

  1. wisegirl74 on February 26th, 2010 1:29 pm

    JAMAL

    Only if bank #1 bought the mortgages from bank #2

  2. sunflower on February 26th, 2010 4:14 pm

    MELVIN

    If they no longer hold the mortgage on your home, then I would say no.

  3. Liz on February 27th, 2010 8:33 pm

    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.

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