Wedding Forums > Brides Helping Brides ™ > OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
MrsTC
Posted: Jul 28, 2004 09:24 AM+
Posted: Jul 28, 2004 09:24 AM
OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
I received a letter in the mail that my mortgage had been transferred and that I should mail the pmt to an address in Arizona. It is due on 8/1. This morning, just to make sure, I called the orginal mort. co. and they said yes it has been transferred, go ahead and mail it to AZ. Just to be certain, I called the new company. They don't even have me in their system yet and said if i had mailed it to AZ it would have gotten lost and they haven't even assigned me an account # yet!
The customer service person told me I have up to 60 days to make my payment because of the transfer. Has anyone ever heard of this or had this happen? eta: oh and by the way the actual pmt address is in Kentucky not Arizona Hello 3000 miles away LOL AND we had 2 inches of water in the basement last night
aaaaaaahhhhh i love being a home owner!!! 
Valentinegirl
Posted: Jul 28, 2004 09:28 AM+
Posted: Jul 28, 2004 09:28 AM
Re: OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
Yikes. Whos your original mortgage company?
MrsTC
Posted: Jul 28, 2004 09:30 AM+
Posted: Jul 28, 2004 09:30 AM
Re: OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
Posted by Valentinegirl
First Mutual in NJ. They were shady from day one but seemed to redeem themselves. P*sses me off!
Valentinegirl
Posted: Jul 28, 2004 09:38 AM+
Posted: Jul 28, 2004 09:38 AM
Re: OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
I hope everything works out!!!
palebride
Posted: Jul 28, 2004 09:47 AM+
Posted: Jul 28, 2004 09:47 AM
Re: OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
our mortgage was signed over to a new company AT our CLOSING!!!!!My lawyer said it happens all the time, but he'd never seen it done at the actual closing.
I wasn't too upset - I hated dealing with the original company, so it was fine by me!!
good luck!
DjPiLL
Posted: Jul 28, 2004 01:20 PM+
Posted: Jul 28, 2004 01:20 PM
Re: OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
I am actually glad that my bank didn't transfer my mortgage. I have Chase and I actually don't mind them (went through a broker too).But then again, Chase is a huge bank and I would imagine that the mortgage transfers usually happen with the smaller banks.
antoinette
Posted: Jul 28, 2004 02:18 PM+
Posted: Jul 28, 2004 02:18 PM
Re: OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
Posted by palebride
our mortgage was signed over to a new company AT our CLOSING!!!!!
My lawyer said it happens all the time, but he'd never seen it done at the actual closing.
I wasn't too upset - I hated dealing with the original company, so it was fine by me!!
good luck!
Same here, and i really love my new company so it worked out.
mv1003
Posted: Jul 28, 2004 09:37 PM+
mv1003
MEMBER SINCE: 11/02
TOTAL POSTS : 1783
WEDDING DATE: Oct 19, 2003
WEDDING LOCATION: Lr.Sackville,NS,Canada
Posted: Jul 28, 2004 09:37 PM
Re: OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
When I had the co-op, my mortgage transferred after 3 months & I had Bank of NY originally. When I refinanced w/ Chase, it never transferred after that.I'm sorry Jen! Hang in there, it'll be ok.
Yikes to the water!!!! Is that going to happen every time it rains? Is there anything you guys can do to prevent that?
Jmg11
Posted: Jul 29, 2004 09:30 AM+
Re: OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
My mortgage was sold twice before i even made my first payment - it is normal!And since misery loves company - I had about an inch of water in my basement the other day too - problem solved now - but what a pain!!!!
MrsTC
Posted: Jul 29, 2004 09:47 AM+
Posted: Jul 29, 2004 09:47 AM
Re: OK so I haven't even made my 1st mortgage payment and my loan has already been transferred....
Posted by mv1003
When I had the co-op, my mortgage transferred after 3 months & I had Bank of NY originally. When I refinanced w/ Chase, it never transferred after that.
I'm sorry Jen! Hang in there, it'll be ok.
Yikes to the water!!!! Is that going to happen every time it rains? Is there anything you guys can do to prevent that?
thanks
tom borrowed a wet-vac from work and vaccuumed all the water up. we have to figure out the source, bc the basement windows were not wet at all!
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