By the simple expedient of demanding the lender produce the original
Often, very often, the original paperwork has been filed away in some dusty
warehouse in a far-away place that burnt down in 1978. Or was mistakenly
sent to some bank in Andorra. Or misfiled. Or eaten by a dog.
A fellow I know; after trying to get a second mortgage on his house
found out the lender had lost the first mortgage note. Immediately,
they sent out *new* documents for him to sign to cover the loss of the
old ones. JUST sign right here!!
Why worry..The Obamasmessieh is gonna pay all our mortgages for us and fill
my oil tank....All we need to do is go to one of his events and touch the
hem of his garment like that woman did and presto , all is taken care
of...LOL.....That was a joke for those that take all posts
Hmmm... I thought was government was *buying* all the houses and letting us
continue to live in them as long as we are right-thinking. Pretty soon the
government will own everything and we'll all work for the government. The
jobs program is mainly schoolteachers and cops--people who control our lives
and thinking. California is making it more and more difficult to own a car
but once we are all living in our tight little well-controlled communities
we won't need them. Not having cars will force us into them.
This is NOT a joke ;-)
!!well SOMETHING MUST BE DONE TO STOP HOME PRICE FREE FALL!!!!
I advocate 1% mortages for ANYONE who cares for one. Refinance those
underwater too. existing companies service the mortage for the 1%
Depending on your condition the Feds get a share of your home sale
profit when you finally sell.
way too many used homes as banks or more desciptevly as money
yeah it was stupid and intelligent people knew it was wrong but geez
everyone was making so much money
The news showed a couple of families that are hoping for help. Of course we
don't know all the detail, but one bought a house with an interest only
mortgage and after four years has negative equity. She thought the house was
too big, but they bought anyway. The other was crying that they've been in
the house for 18 years and will lose it. My god, after 18 years is should
be well past half paid if they don't use it as a piggy bank and keep
borrowing against the equity.
Many of these people should be let go and placed into a two room tenement
for the fiscally stooopid. .
Yup, that defense probably wouldn't last long here. They are on a PDF
on the court clerk's web site in Lee County ... assuming they actually
filed the mortgage downtown when they changed the deed. I assume the
title company does that at closing. It is their job. Most big
national builders had their own in house title company and mortgage
company so it would all be done at the same time.
You might catch a small FSBO company tho if they weren't doing their
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