Bank sold my mortgages without informing me, what to do?
Date: Sat, 08/13/2005 - 21:37
i am a first time home buyer..when i intially signed the closing on my house i had two mortgages with same bank.Seven months after i moved in, my bank sold one of the mortgages to another mortgage company without notifying me,i kept making the payment i was originally billed, until the person that cosigned on my house was recieving phone calls that said that was not paying my payments after that my payments tripled.the second mortgage company keeps telling me that i am missing payments when i have statements the say i have paid them.i tried call a supervisor and nobody has been willing to help..what do i do?
you can sue your original company
It was the responsibility of the original company to notify you with change in ownership. Contact the new company and let them know what happened, deal only through written communication keeping a copy of each letter.
Vikas
