Roseville Short Sale Specialist- Who owns my mortgage?
Did you know your bank may not really own your loan or have a right to foreclose on your mortgage? Read below about information on how to find out who owns my mortgage.
This problem started a long time ago, when Wall Street banks grouped large numbers of loans together, sliced and diced them, and resold them. They created an impossible situation to figure out who really owns the mortgage notes; therefore the banks do not have the authority to foreclose on properties they do not own. The big banks are being exposed after having thrown people out of their homes even though the bank did not have the mortgage note that proved they owned the loan. This situation has been taken to the courts for a solution. In some states, banks still have that right. It is still good to know who owns you note as it does help in the migagation when doing a short sale or a loan mod.
Whether you are facing foreclosure, can't make your next payment, are upside down on your property, need to do a short sale, or are just a concerned homeowner, it's important that you contact your bank and demand to see the original note on your mortgage. Click here for the whole story and free online tool on this who owns my mortgage website. www.WheresTheNote.com
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