Legal Question in Real Estate Law in Virginia

Can a mortgage company (bank) sell my loan to a debt collector? I mean "sell", not for debt collection purpose, because my history is extremely good regarding on-time payments, and I feel uncomfortable to deal with a debt collector and believe it can hurt my credibility in future when applying for new loans. Thank you.


Asked on 12/18/13, 6:15 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Unless there is some provision in your mortgage which would prohibit

such a reassignment, I know of no reason why not.

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Answered on 12/18/13, 8:58 pm


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