QUESTION
if a mortgage company buys a mortgage from another company can they legally try and collect the original amount? or just what they paid for the note.
Asked on May 01st, 2014 on Foreclosures - New York
More details to this question:
Im getting a mortgage mod. and its been approved but this new company is saying I owe them the original amount of the first debt plus 175 K in unpaid bills.this company is the 4th company to own this mortgage.they are claiming that they issued the original mortgage.
1 ANSWER
They may pursue the entire debt, so long as there is no champerty or maintenance.
Answered on May 20th, 2014 at 3:59 PM
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