Loan being sold

A past client of mine called me today and told me that her loan was sold to a new company and the letter she received said that all the terms of the original loan would remain the same, just the payment address and who the payment was made out to . The letter went on to state her terms of her original loan and the payment was wrong. The lette had her interest rate 1/2 percent lower than what she originally had. Her question was "Can I make the new lower payment?

My answer was "Yes you can, but it will catch up with you later!" When your loan is sold, none of the original terms can change. The only thing that can change is the escrow amount that you pay in for taxes and insurance. If the new loan service company makes a mistake, they will figure it out sooner or later. My advice to her was to call the lender and tell them of the mistake. I also advised her to send in her regular payment amount, then check and be sure the payment was posted correctly. Sending in a payment less than the amount can even go on your record as a late or missed payment!

General infomation on Athens

Athens is a prospering community, one that reflects the charm of the Old South while developing in cultural and industrial areas. It is located approximately 70 miles east-northeast of Atlanta, Georgia. Athens is at the heart of a three-county metropolitan area of 126,000 people. Athens and Clarke County share a common local government. The Clarke County population, according to a 1990 census estimate, is 86,000. A college town in every sense of the word, Athens appreciates its University population while recognizing its obligation to all residents to grow independently of the University.
The University of Georgia and Athens have grown up side by side. When its founders were looking for a site for the new university, they sought a remote location where students would be isolated from the temptations of urban life. The town was named for its Greek counterpart, a great center of learning. Athens' elevation is 600 to 800 feet above mean sea level, and because of its geographic location, the city is sheltered from much of the extreme weather of the winter season. Mean temperature for January, the coldest month, is 43 degrees F., and for July, the warmest month, 79 degrees F. Average minimum and maximum temperatures for January are 33 and 53 degrees F., and for July, 68 and 89 degrees F. Average rainfall is 50.42 inches.

Welcome to my real estate blog for Athens and the surrounding area!

Welcome to my blog. I've been investigating having a blog for over a year now, and finally decided the only way to do it is to jump on in there! So, I consider this a work in progress! My goal is simple. To make this your site for all kinds of real estate information on our Classic City! So, any questions on our market or anything about real estate, just ask.

I look forward to you visiting over and over!

Jim