sounds like you have a lot of experience w/ foreclosures
Great first Post. Welcome to Sowal.
sounds like you have a lot of experience w/ foreclosures
Just read this short article ... wondering if any locals have tried this route ....
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Some homeowners are stalling foreclosure with a seemingly simple request: asking their lender to produce the original mortgage paperwork. During the real estate boom, many mortgages were sold and resold, bundled into securities and peddled to investors - often leaving the original note signed by the homeowner lost, stored in a distant warehouse or even destroyed.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n2-021809.cfm
Mortgages are recorded but Notes are not. Assignments are sometimes lost prior to recording. In GA, we have a relatively new law that says a lender may not proceed with a foreclosure if all assignments leading to its owenrship of the note have not been recorded. There may be a chain of assignments in some instances, and proper execution and recordation by lenders has been sloppy in the last few years.