Quote:
Originally Posted by justjim
Before we go off "half cocked" at our local banks, it is well known that many of these mortgages are with institutions in far off places who have no interest in Silver Lake or TV. If you know the foreclosure or reverse mortgage is with a local community Bank, you might be able to leverage some "good will" and get some results.
|
While I doubt that this is the case with Citizen's (although it might be) most of the other area banks such as BB&T, Wells, Chase, B of A and so on almost always sell their mortgages to some other "service company" so even if you have obtained a mortgage from a bank with a local branch, it is quite likely that after the "sale" of the mortgage to you, it has been transferred out of their hands, even though you might still make your payment in the name of the bank where you signed your papers. So having a local "door" to go to may very well not get you the result that you seek.