A couple of weeks ago, I recieved a letter from BOA stating that my loan would be transferred to M&T Bank as of Dec 1, 2011. It also said that they would not take any payments after Nov 15, 2011. Coincidently, The payment on Dec 1st was to be my first missed payment. Ive never been delinquent on this loan, which is for a second home.
Should I call this M&T and let them know, even though they don't officially take over the note til DEC 1st? Has anyone else had their notes transferred to M&T Bank?
Any thoughts, comments or suggestions appreciated.