When your loan has funded and recorded with your county recorder, you will begin receiving solicitations in the mail from people that seem to be current loan servicer. However, most of them are not. What to look for when determining which mail is legit and which is not. This could save you thousands in payments to unnecessary solicitors.
Chances are, your home loan will be sold once it has funded. This means the bank or lender that funded your loan will change hands to another bank or loan servicer. Did you know that this is an area that is subject to fraud, which can result in you sending your monthly payments to a shell company? Learn how to tell if your loan has rightly been sold, and the two things which MUST take place in order to prove it’s legitimate.
