We just bought a house and are refinancing it. The company that serviced our loan sold it already. We made no payments yet.
Well, I called the new company to get the payoff for the refi and it is $3259 lower than the original loan amount. As I said, we made no payments, that wouldn’t be the payment amount anyway, it doesn’t match the escrow amount.... it is just a random number.
Thankfully, it is in my favor, but I wonder if they will come after me down the road because they potentially made a clerical error.
Can it be anything else but a clerical error? Has anyone ever heard of a mortgage company selling a loan, and the new company wants less than the original loan amount??