Re: Ownit Mortgage Solutions and forclosure


Posted by steele in minnesota on September 23, 2008 at 18:38:43:


In Reply to: Ownit Mortgage Solutions and forclosure
Posted by cmc on September 23, 2008 at 15:50:34:

If Litton is the servicer that is who you will be dealing with. I was just reading today that it will be the servicer that is likely to start the foreclosure process if you are not paying. You owe the money regardless and that is an asset. Your mortgage doesn't disappear just because a company is bankrupt.

Not sure if you have to be notified if the mortgage changes hands as long as you are dealing with the same servicer. Terms and conditions don't change. Neither does the address where you send your payments.

Anyone?


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