What I mean is that the while the "terms of the contract" were not
changed (cough cough), the amount of money owed somehow was different
than originally agreed to.


Dave wrote:
You're talking in circles here. One of the most important "terms of the
contract" is the amount the borrower is obligated to pay. That can't be
changed without the borrower's agreement.

When the contract is the size of a Russian novel, much of which is in
legalese, it's hard to say exactly what one has agreed to. That is why
one hires a lawyer in the first place!

About 15 or so of my own circle of friends & closer acquaintances,
with whom I have had several frank & detailed conversations on fiscal
matters, have related that when their mortgages changed hands (either
sold by bank, or bank bought up by another), they found themselves
required to make higher payments. I believe the NC Attorney General
was involved in some similar cases. In any event, the contract may not
be changed but one either pays or hires another lawyer to forstall
losing ones home.

A similar case is the ubiquitous change in terms of credit-card
contracts.

This mortgage switch has never been played on us but I doubt my
friends were lying.

Regards- Doug King