mortgage sold to another lender, what are my options?

[chrissy]

new york

My mortgage was recently sold by my lender to a new lender. Not only does the new lender require an escrow cushion (whereas my old lender didn't), but I have read a number of poor business practice articles by my new lender.

Can I protest the sale? Can I legally require my new mortgage lender to maintain the same servicing standards? I feel like I've been bullied and that my rights have been stripped away.

[seniorjudge]

Originally Posted by chrissy

new york

My mortgage was recently sold by my lender to a new lender. Not only does the new lender require an escrow cushion (whereas my old lender didn't), but I have read a number of poor business practice articles by my new lender.

Can I protest the sale? Can I legally require my new mortgage lender to maintain the same servicing standards? I feel like I've been bullied and that my rights have been stripped away.

Q: Can I protest the sale? Can I legally require my new mortgage lender to maintain the same servicing standards?

A: No and no, unless your loan document (the deed of trust or mortgage) says otherwise.

[HomeGuru]

Originally Posted by seniorjudge

Q: Can I protest the sale? Can I legally require my new mortgage lender to maintain the same servicing standards?

A: No and no, unless your loan document (the deed of trust or mortgage) says otherwise.

**A: I disagree. Of course the writer can protest. How about a sandwich board with glow lights and walking up and down Madison Ave. and through Central Park.

[seniorjudge]

Originally Posted by HomeGuru

**A: I disagree. Of course the writer can protest. How about a sandwich board with glow lights and walking up and down Madison Ave. and through Central Park.

Well of course.

How stupid of me not to think of that.

I humbly beg your pardon.

[HomeGuru]

Originally Posted by seniorjudge

Well of course.

How stupid of me not to think of that.

I humbly beg your pardon.

**A: thanks,
signed,

Your Pardon