DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Bank of America offers up to $20,000 short sale

**Dwnijzhd** · 10-11-2011, 08:13 PM

the mortgage is actually a liability they will pay to be rid of!

The original note and the original mortgage were the assets that they were PAID to be rid of right after closing. Lack of possession of both originals gives a bank no standing to dispossess anyone of the property.

A lady in Florida whose home was foreclosed reported that at one hearing THREE banks were claiming to be the owner of her property.

On the basis of this type of claim I could go to the recorders office, get a certified copy of your mortgage, and throw you out because you haven't been paying ME!!!!

10-11-2011, 08:13 PM	#10
Dwnijzhd Join Date Oct 2005 Posts 427 Senior Member	the mortgage is actually a liability they will pay to be rid of! The original note and the original mortgage were the assets that they were PAID to be rid of right after closing. Lack of possession of both originals gives a bank no standing to dispossess anyone of the property. A lady in Florida whose home was foreclosed reported that at one hearing THREE banks were claiming to be the owner of her property. On the basis of this type of claim I could go to the recorders office, get a certified copy of your mortgage, and throw you out because you haven't been paying ME!!!!
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