[donna]

It doesn’t matter who owns the note. In fact, it’s none of the homeowner’s concern.

The homeowner must still repay the loan. His house wasn’t a gift from Santa. A bank gave him a check and he bought a house. Pay your bills or move out!

[Chunga85]

"It doesn’t matter who owns the note. In fact, it’s none of the homeowner’s concern."

Please see Null and Voids response to you.

Shill.

[gunsequalfreedom]

It doesn’t matter who owns the note. In fact, it’s none of the homeowner’s concern. The homeowner must still repay the loan. His house wasn’t a gift from Santa. A bank gave him a check and he bought a house. Pay your bills or move out!

I agree with you regarding a homeowners responsibility to pay their mortgage. But on the last part of your statement, not just anybody can throw you out of your house. Only the legal note holder can do that. That's the law. And the proper legal course must be followed.

For example, Bank of America can't foreclose on a note held by G.E. G.E. can't foreclose on a note it sold to a private investor. The entity that forecloses on a mortgage holder must have legal standing to do so.

Again, I agree with your take on being a responsible homeowner but we have to be careful not to mix up the these two completely separate issues.