I’ve thought about making a demand on BOA for them to produce documentation ensuring the paperwork is clear. A little hesitant as I figure the reaction will probably be hostile and wont produce anything.
“I’ve thought about making a demand on BOA for them to produce documentation ensuring the paperwork is clear. A little hesitant as I figure the reaction will probably be hostile and wont produce anything.”
I have seen people do this at Zerohedge. I have not seen the end results, but some did have various difficulties. Some had their credit cards canceled. Some had no response. Some had nasty letters sent in return. Some had their credit scores ruined. The sad thing is that there is a law that requires them to respond in a certain time to a request (called a Qualified Written Quest that has specific rules) inquires by the borrower. The Banks have not done so.
I found out we had BOA when we got a letter from Fannie saying that our loan was reassigned. We never knew that BOA had our loan, and there is no record at the county of it being recorded.
It seems that a bank will think it has your mortgage, but the county recorder won’t have it listed as assigned to that bank. What to do in that case? I really don’t know. I have been thinking like another poster on this thread to refi with a local credit union. I am currently watching to see if we can do that if the rates come down again.
I am not a lawyer or an expert in real estate. But I would suggest looking at your county recorders office and see what is actually filled there. I did mine online.
Good luck.