QUESTION
What rights do I have when my mortgage company sells my account to another financial institution?
Asked on Nov 30th, 2011 on Foreclosures - New Jersey
More details to this question:
I received a call form a financial institution that my mortgage was sold to them by a bank. Do I have any rights or legal options when this happened, or do I just have to accept this?
1 ANSWER
Criminal Defense Attorney serving Summit, NJ
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Stephen P. Dempsey Counselor at Law
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Generally, none. Your mortgage agreement normally provides that your loan may be sold by the original lender and that it will not effect the terms of the agreement.
Answered on Dec 05th, 2011 at 8:34 AM