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Established Contributor
Breakthecycle2
Posts: 785
Registered: ‎09-15-2008

Question for the Mortgage guys

We JUST closed a month ago on our home and moved in last week. We have an FHA backed loan and haven't even made a payment on it yet. Yesterday, we notice that our current mortgage company sold it already to BOA. Why would this happen already? I HATE BOA...lol


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Senior Contributor
mickie08
Posts: 3,299
Registered: ‎04-22-2008

Re: Question for the Mortgage guys

that is about par for the course.  They do this because they need the funds back to fund the next loan and so on.

Established Contributor
Breakthecycle2
Posts: 785
Registered: ‎09-15-2008

Re: Question for the Mortgage guys

Nice. I thought so. Thanks!


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