Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: NVDave

How can anyone with a mortgage be certain their payments are in fact, going to the correct entity?


15 posted on 10/03/2010 8:05:25 PM PDT by Freedom4US
[ Post Reply | Private Reply | To 4 | View Replies ]


To: Freedom4US

Your payments should be going to the “servicer” of the loan, which is not always the assignee of the loan (ie the person or company that holds the note on your property).

If your mortgage is registered in the MERS system, you can call MERS and, with your property title description or loan originator #, should be able to determine who the loan servicing company is now, and where your payments should be going.

Outside of that (eg, if you’re in a rural county not yet infested with MERS into your county recorder/clerks’ office) you need to go see your title/deed and start from the lienholder on your deed and start calling.


18 posted on 10/03/2010 8:24:10 PM PDT by NVDave
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson