If a lenders name on title or deed doesn't match the
name to who your mortgage is paid, is that a legal issue? All of my closing papers have the title company of Star Title company who acquired New Century Mortgage to handle my mortgage payments on my re-financed home. Well New Century Mortgage went belly-up and sold my loan to HomEq Servicing. For 4 years I have made payments to "HomEq Servicing, Inc. which reads a spill prior to every call, "We are not a mortgage company, we are a debt collector, simply attempting to collect a debt." I recently read in the news that this happened to a couple and because of lack of proof from the lender, the judge relieved the couple of their balance owed on the home, demanded that the fraudulent lender pay back X-amount of years that they paid to the wrong company maybe? So, the couple were mortgage free with a little extra money in hand. Anybody else read that, or is this wishful thinking (dreaming) ?
|