Submitted by howaboutit99 on Sun, 03/06/2011 - 00:00
George, If a guy refinanced his home and the orginating lender was put out
George, If a guy refinanced his home and the orginating lender was put out
George, If a guy refinanced his home and the orginating lender was put out of business by the feds for illegal practices , however he had sold the mortgage to another lender or assigned it for collections , the courts of Atlanta sent the borrower a check for his time with the first lender,the papers in the court house are still in the first lenders name , who is the mortgage owed to
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That sounds more complicated than it probably is, but I'd say that the lender to whom the debt was sold is owed the funds, but that seems contradictory based on what you wrote. I don't know of any mortgages that are handed over to collection agencies. I'm afraid that's my best answer given what I can figure out.