Can my mortgage company sell my note to another companyif a contract is in process on a short sale with no notice?
The lender that hold the paper on your home that you are trying to sell via a short sale is entitled at any time to sell the paper to another lender under the laws of your state if the loan is not a federally insured loan and under federal law if the loan is a federally insured loan.Most likely the loan papers that you signed in conjunction with the loan you are writing about states that the loan is subject to transfer by the original lender to another entity.