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Linda Said:

Anyone have any experience re: their mortgage lender selling their mortgage to another company?

We Answered:

Making sure property taxes are paid is the responsibility of the owner of the property no matter if there is an escrow or not. I'd try contacting the customer service manager for the new note holder, explaining that the lapse was a result of the unapproved escrow agreement change, and ask them to work with you on it. If the situation is as described (depending on the state you reside in) you should be able to come to some sort of compromise agreement.

Danny Said:

Is it bad when the lender sells my mortgage to another company?

We Answered:

I don't think it's "bad" as in you did anything wrong. I think some mortgage companies are set up as "brokers" and you get your mortgage through them and somehow they get a profit to sell it to another company.
I have had this happen to friends and some have come out better (better benefits) and other's have had nightmares with the new mortgage company and ended up refinancing through someone else. Just keep an eye on the changes that might take place.

Juan Said:

How do I buy a home from a owner that owns the mortgage company.?

We Answered:

If you are not working through a competent realtor, you'd better use a lawyer. Do not get involved in a direct owner sale without legal advice.