Mortgage Was Sold...now What?!
SO we got it finally assigned on Friday to loss mitigation and the homeowner got a note that the mortgage was sold. Anyone have this happen? Do we just submit the entire package from the beginning to the new mortgage company?
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Yup...happens quite a bit.
If it was a Wachovia transfer to Wells Fargo, you might be able to skip a few steps, but any other transfers probably mean you start from scratch. Fun!