DIYbanter - View Single Post

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On Sat, 07 Sep 2013 20:08:24 -0400, wrote:

On Sat, 7 Sep 2013 16:39:22 -0700 (PDT), "
wrote:

Oh, good grief. Now we have the mortgage company boogey man?

If the current bankruptcy fiascos are accurate, people are not even
sure who the "mortgage company" is.

That's what you get for listening to the major media.

My neighbor hasn't made a house payment in 2 1/2 years and they are
not even sure actually has the right to foreclose.

Highly doubtful. It's more likely that the bank is better off with
them in the house than having it empty. Some have learned that lesson
the hard way.

It certainly is not the company that has the mortgage filed downtown
They are still digging through the sales of the loan trying to
determine if all the assignments are in order and who actually owns
the loan now. There are 2 tax certificates out now and next spring the
county will put it on the block. I may bid.
Tax liens wipe out all the prior encumbrances.

Like you'll be alone.