NLIC.org

Francis Said:

Can the bank sell the mortgage on the foreclosed home to another bank when you're under contract to buy it

We Answered:

I'd never heard of it either, but it's surely legal. What I don't comprehend is why another firm would buy paper in foreclosure. Doesn't make sense, but sounds like they did it.

At any rate, it doesn't sound like it's going to cost you anything other than more time to resign all the documents.

Good luck with your new place.

Mike Said:

whats the better bank for a home mortgage in washington state, wells fargo or banner bank?

We Answered:

Actually, Chase is very good. They have a spiffy "Union" program if you or a relative are a member of a union. If you are laid off or go on strike, they cover your mortgage payment. Their rates are decent & fees also.

I'd stay away from WAMU. I heard today they are having a lot of difficulties.

You can check on specific lenders here at "Imploded Lenders" http://ml-implode.com/

Chester Said:

which private investment sector would a maximum loan be obtainable from a bank against home mortgage ?

We Answered:

find more information on private investment sector would a maximum loan be obtainable from a bank against home mortgage
visit http://realestatepropertynews.com/privat…