ANYONE KNOWLEDGEABLE ABOUT FDIC BANK TAKEOVERS? - Posted by EDWIN

Posted by EDWIN on August 04, 2011 at 21:40:54:

I was just informed that the bank to whom I owe on my mortgage was closed by the FDIC, and my note was bought by another bank. I’d like to try to negotiate an early payoff discount with this new bank, but I don’t know how motivated they might be. I have no idea if they paid full value for my note (it was not delinquent or in default), or if they got it for a pennies-on-the dollar discount like they probably got on several of the other notes they bought from the FDIC as part of the sale. Am I in a better or worse negotiating position dealing with the new bank than I would have been if I’d dealt with the failed bank?

thanks for any info!!