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Real Estate & Property Law

: The Home Equity Theft Reporter

Judges, Homeowner Attorneys Begin To Wonder How To Do A Loan Modification When Lender Can't Prove Ownership Of Promissory Note?

By r morris

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The New York Times reports: WITH home prices in free fall and mortgage delinquencies mounting, pressure to modify troubled loans is ratcheting up. But lawyers who represent candidates for modifications say the programs are hobbled by the complexity of securitization pools that hold the loans, as well as uncertainty about who actually owns the notes underlying the mortgages.(1)***How can a loan be

Full post as published by The Home Equity Theft Reporter on December 28, 2008 (boomark / email).

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