You won’t believe this!
So, you are behind on your payments, your bank starts the foreclosure process….and? One question that seems like it would be a no brainer is “Does my bank still have the note to my house, proof of the debt owed?” Well, one study shows that in 40% of cases, the bank has misplaced or destroyed the note! What a joke! Check out this video from CNN for details
This article was alarming to me. I guess it shouldn’t surprise us that there are people out there preying on those who are behind in the mortgage payments or upside down with their home loan. But whenever I see things like this it just disgust me to the core.
If you find yourself behind in house payments and looking for options, find someone you trust to help or a referral from someone that knows an expert that can answer your questions and help you though the process. Don’t allow yourself to get involved with a scam like those from this article. Thanks to Google and the Feds for helping to put a stop to this. http://www.sigtarp.gov/press/2011/Google_Web_Ad_Press_Release.pdf