My mother didn’t face foreclosure threats until after her house was paid off. It seems that paying off the final $10 or $15 grand in a lump sum triggered it.
Somebody was counting on making a buck off the interest on the debt they bought and all of a sudden the debt evaporated before their eyes and left them holding the bag.
My mother is still trying to get her deed nearly 7 years later.
SEVEN YEARS AGO!!! Seven years??????
I am horrified. I would assume that a lawyer has been involved by now.
This is what I have been afraid of. I had been trying to find a way to maybe pay our mortgage off, but I have read some personal accounts of people here at FR that have run into problems with owning their home free and clear at the end of it all. Not getting the real title, having something put on their credit report by Fannie.
I am truly afraid that the end game here is about NO ONE BEING ABLE TO HAVE CLEAR TITLE TO A HOME,
NO ONE!!!!!!!!!!!!!!!!!!!!!!!
They are moving in that direction, aren’t they????