So how does one find out who actually holds the note on a mortgage? Of course I pay my mortgage every month but I would still like to see the documentation. I know that my mortgage was “sold” about a year after I purchased the home. I may have a work related move coming up, what if I try to sell a house and am unable to do so because of this?
Go to the county recorder and verify that all the documents have been updated with the county. Many counties now have these records online now and or a one line item for the update. But if you go personally, the recorder can give you all the documents. Also, there is a very strict history of the buying and selling of the property in question.
Your County Recorder of Deeds is, supposedly, the 'official' repository of such information. However these banks often didn't bother with anything as mundane and old fashioned as actually paying the fee to have the note-holder information changed.
But I'd start there if I were you. If that information isn't accurate I'd bring the fact that your County is owed their fees to the attention of someone in the Recorders office.
Then I'd retain the services of a qualified Real Estate Attorney and show him what you've found.
Best of luck,
L
If you are lucky, your state requires that all liens on your property be filed. Then you just have to ask your local office to show all the filed liens, and whoever has the mortgage lien, that’s the people you have to pay, and are the ones who have the right to foreclose.
If they sold off the right to the cash flow, that’s of no concern of yours, you pay them, and after that they can do what they want with the money.