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New Member
posted Jun 4, 2019 8:45:58 PM

Mortgage sold to new lender is this still consideres the original loan used to purchase the home?

0 2 687
2 Replies
Level 15
Jun 4, 2019 8:46:00 PM

Yes

Level 2
Jun 4, 2019 8:46:01 PM

My resolution:

Put "ending balance" for loan 1(seller of loan) as zero (0) for 2018.

Put  balance for loan 2 (buyer of Mortgage ) as principal balance. (Value is required even though 1098 , box 2 is empty)

Loan Origination dates were the same for both lenders. (This indicates it is a grandfathered loan and not originated in 2018)