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In Homeowners' Latest Woe, Banks Are Abandoning Foreclosed Homes to Litter Neighborhood... - 0 views

www.nytimes.com/...30walkaway.html

show me the note foreclosures foreclosure mortgages mortgage-holders missing notes missing documents original bank invalid

shared by avivajazz jazzaviva on 15 Oct 09 - Cached
  • avivajazz jazzaviva on 15 Oct 09
     
    The way mortgages are bundled and resold, it can be enormously time-consuming just trying to determine what company holds the loan on a property thought to be in foreclosure. ___In Ms. James's case, the company that was most recently servicing her loan is now defunct. Its parent company filed for bankruptcy and dissolved. And the original bank that sold her the loan said it could not find a record of it.
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