Legal Question in Real Estate Law in Pennsylvania

If my original mortgage co sold my mortgage to another co is the new mortgage holder allowed to add not only 5 more years to the mortgage but also $5000 more to the amount.?


Asked on 12/05/16, 4:00 am

1 Answer from Attorneys

Miriam Jacobson Retired from practice of law

The sale of your mortgage to another company should not ordinarily permit the new holder to make any substantive changes to your mortgages. You should challenge those changes, and if the holder persists, get legal assistance. Your obligations cannot be changed without your agreement.

THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.

* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.

* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.

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Answered on 12/05/16, 7:55 am


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