These banks want to negotiate a "new mortgage" though they don't have the papers to prove they own the old one...
Because the homeowner can prove they have ownership, The court issues a requrement to have a hearing to make sure that the party understands that they are signing away their home and accepting new agreement, this goes without any "Security Insturment" or filing with the clerk.
they will take equity upfront, and then good luck getting your home back after 30 years when you think you've paid the right people off.
Thursday, January 13, 2011
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