OK, how do I find out if my mortgage has been “securitzed”?
For the details, we live in NYS, and HSBC holds our mortgage. I really do not understand all this stuff, even though I try to follow along.
What do I doto find out if we can sell our house. We may have to, to pay for assisted living for my husband, who has Parkinson’s.
What steps should I take?
Was your mortgage closed between 2002-2008? Are you making payments to someone other than the lender that you signed a mortgage with? Has this changed more than once during the life of your loan? Did you sign up for a ARM?
If the answer to these questions is “yes” then you have probably been “securitized”. The more “yeses” to the above, the more likely it is.
Google “RESPA QWR” and send one to your servicer (the company you mail your payments to) and find out.
This is a HUGE farkin’ mess!
Go to the courthouse and do a records search on your property. See who is the registered lien holder. That is your first step.