Assigment of Mortgage
I am in the closing phase in equator,and have approval on both my loans on my property. So, that being said, my seller just received a Assignment of Mortgage with Deutsche Bank. Does this mean that I will been to start all over with Wells Fargo or will BOA still continue to service the loan and I will close with them?? HELP!! Will I need wells fargo to sign off on everything in closing too??
Replies to This Discussion
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Permalink Reply by joe beauchamp on
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You will need to "continue" with the servicier assigned. Not sure who is who in your statement. Some servicers are cooperative about honoring what the previous bank approved. I would think that Deutsche is the servicer, except you threw in WF. In any case, you should contact the new one and ask if they can honor your approval and then see where that goes. (Any outrage or discussion with the old servicer is just a waste of your time - they have no legal stance or right anymore.)
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