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You have to pay the new company. It's still a debt and as such the debt was sold as an asset of the old company. It would be NICE if you didn't have to pay it, but you do. Yea, wouldn't it be nice if we didn't have to pay after the local finance company sold my note to GMAC?

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19y ago

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When you owe money to another lender you are a?

When you owe money to another lender, you are a _____.


After deed in lieu what happens to the property?

Your lender bank obtains the title of the property and appoint a real estate agent to sell it.


Do you still owe the original creditor if it was purchased by another lender?

No, ih he sold it he no longer has any right to it. But frequently, they just hire or assign the right to collect it to another, in which case the debt is still owed to them.


What happens to the property if a property does not sell at the auction or Trustee's Sale?

If a home does not sell at auction it goes back to the trustee....(The bank / Lender). Typically the property transfers back at the starting bid...so in actuality it did indeed sell.


I cancelled my home insurance with one company and opened a new policy with a different company but had overlapping coverage for a short time am I entitled to a refund.?

It depends on whether you have a mortgage loan or not. The previous insurance company will send you a check for the excess amount paid to them, but if there is a lien on your property and your insurance check is set up in an escrow account, then you will have to sign and forward that check to your lender. That money will then go into the escrow account and sit there until the lender does a yearly evaluation and sees that your escrow account has an excess amount of money in it. Then you will get a refund on your overpaid insurance premiums. I am going through the exact same thing right now as I have just recently switched companies myself.

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How do you transfer a FHA case number from BMO harris bank to another lender?

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Can the finance company charge 39.91 APR on your car loan in Greenville SC what the set rate max that can charge?

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Can a lender help avoid you having to pay for a car you cannot afford?

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