Homeowners who are facing foreclosure or interested in a loan modification need to know who actually owns the note. Identifying the owner of the note can be especially valuable to homeowners fighting foreclosure because some foreclosures have been blocked by judges where note ownership could not be proven.
Identifying the note owner can be difficult.
The owner of a note can be one of a variety of entities including lenders, servicers, government agencies or other investors. Moreover, many individual notes are not owned by a specific investor, but rather, through a process called securitization, have been pooled along with thousands of other loans, into a trust or mortgage security. Because of this complexity, identifying the note owner can be a difficult task for homeowners.
The media has warned homeowners about this.
In fact, CBS 60 Minutes, the New York Times, USA Today and the Huffington Post have warned homeowners about the importance and difficulty of identifying the actual owner of the note.
The NoteOwnerID™ audit service can help.
The NoteOwnerID™ audit service available from Loantech identifies the specific note owner or will identify the name of the trust if the mortgage was securitized. Homeowners can now get peace of mind by knowing the identity of the note owner.
Please note: This service only identifies the note owner. It is not designed to take the place of a comprehensive and detailed mortgage securitization audit. It is designed for homeowners and not intended for legal proceedings.
QUESTIONS? Call 1.800.888.6781 or CLICK HERE.