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?
When you owe money to another lender, you are a _____.
Your lender bank obtains the title of the property and appoint a real estate agent to sell it.
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.
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.
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.
Yes. I was one of the original founders of the company before Santander bought it
Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.
No
This is common. If this happens, the check must be delivered to the lender immediately. There's you don't need to even endorse it. Your organization should not deposit invoice inspections which were already bought with a factor. Your customer will be informed to pay for the lender directly later on.
When you owe money to another lender, you are a _____.
When you owe money to another lender, you are a _____.
Yes. How many times can the loan be sold to other companys in a year
When you owe money to another lender, you are a _____.
They take out the personal belongings. This includes the tags. Check with the repo company or lender for that stuff back.
To transfer an FHA case from BMO Harris Bank to another lender, first contact the desired new lender. If you qualify for a loan with the new company, they will execute a refinance which will pay off the existing loan with BMO Harris Bank.
If you signed your contract, more than likely the finance company is not going to change the APR rate. But, on the other hand if the finance company is a direct lender.. then you can try to refinance with the current lender or another lender to get a lower APR rate - depending on your credit rating at the time.
When you bought the car, the lender paid the dealer for the car, and you are making payments to the lender, plus interest. The lender will not help you avoid paying him.