'Foreclosure Mill' Employees Got Gifts
"As a perk of Samons' [sic.] job, Stern's office would routinely pay her personal mortgage, a car payment, her electric bills and her cell phone bill, according to Scott, who told investigators Stern also bought Samons [sic.] a new BMW sport utility vehicle every year and gave her and other employees jewelry. Additionally, Stern purchased employee David Vargas a house, a car and a cell phone, Scott claims in her statement."
Considering how mortgages were divided up into 'packages', do you, if you have a mortgage, have any idea who (what company or companies
) actually owns your mortgage? Are you aware that Title Insurance companies are refusing to insure many foreclosure sale loans, and why that is? Time for a Title Search if you have any question about who owns your home and the land it is on. Credit Default Swaps depended on mortgages being bundled, then dissected and redistributed, then bundled, dissected and redistributed.
I bought my current home in 1996 on a land contract from a friend (he got the interest instead of a bank) and I paid the contract off in about 7 years. He (my neighbor) owned it for about 40 years prior so I know I have clear title.
How about you? Have you checked to see who actually owns the mortgage on your home (even if you're not behind in your mortgage payments)?
Just some thoughts....