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how can i determine if my mortgage was bought for less than face value?

by Williamj199 from Marinette, Wisconsin. Aug 12th 2013 Reply


Nikitas Kouimanis (MrMortgage)
#7 ranked lender in New York - 118 contributions

What are you doing that you need to determine that? Can you please be a little more specific, short sale your home went into foreclosure etc? You can always contact me by email or phone at nikitas@nyfha.net or 516 469 6262. I would really just ask your existing lender though they should tell you.

Aug 13th 2013
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John Moran (SimplifyMortgage)
#7 ranked lender in Arizona - 663 contributions

Hi William, If the mortgage on your home was sold (which most are), it was not likely sold for less than face value. Loans sold for less than face value are usually private investor or seller financed loans. Most loans by major lenders are sold at least once in the secondary market and would include Fannie Mae, Freddie Mac, FHA, and VA.

Aug 13th 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

22-years experience, and I have no idea how to answer that question. My question would be back to you... why does it matter, and what are you trying to achieve?

Aug 13th 2013
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Kay Cleland (kay@kcmortgagecolorado.com)
#30 ranked lender in Colorado - 229 contributions

Great day to you. I am not sure of the question. Loans are bought and sold on a regular basis. You should contact your servicer to get any information that you need on your current mortgage.

Aug 13th 2013
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Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions

I need more information in order to answer that question.

Aug 13th 2013
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Steven Cook (stcookmortgage@gmail.com)
#37 ranked lender in Washington - 256 contributions

William - as the others noted, we really need more information to understand your question enough to provide you with an answer.

Aug 13th 2013
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