Revoking Mortgage Servicer Poa

Summary

Revoking your mortgage servicers Power of Attorney (POA) means they can no longer manage your mortgage or communicate with the lender on your behalf. If the lender sold the note, the new lender becomes the entity you need to communicate with. Its important to inform the lender of any changes and understand that the new lender may have different terms. Consulting with a local attorney can provide guidance on the specific consequences and next steps.

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Why would they need to talk to the lender they bought the note
If you revoke your mortgage servicer's POA, the lender may need to be involved because:
- The servicer no longer has authority to manage your mortgage.
- The lender must be informed of any changes.
- Negotiations or modifications may need lender approval.
Would you like to connect with a local lawyer for detailed advice?
What if the lender sold the note
If the lender sold the note, the new note holder (the new lender) would become the entity you need to communicate with regarding your mortgage. Here's what you should know:
- The new lender will have the rights to your mortgage.
- You may need to update your mortgage payments to the new lender.
- The new lender might have different terms or conditions.
Would you like to connect with a local lawyer to get more detailed advice on this matter?