Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If the seller converts a mortgage note to cash, how will it affect the person(s) paying him/her?

April 26, 2017affect cash converts mortgage note paying person seller

0

Posted

If the seller converts a mortgage note to cash, how will it affect the person(s) paying him/her?

1 Answer

0

Posted

It will not affect the payer. The only change will be to whom and to where future payments are sent. All terms and conditions set forth in the original note and mortgage remain in force.