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Seattle Bubble Forum Archive • View topic - can you sell home when there is no mortgage assignee?

can you sell home when there is no mortgage assignee?

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

Re: can you sell home when there is no mortgage assignee?

Postby sniglet » Wed Feb 27, 2008 11:48 pm

It seems as if some lawyers have the same idea I do, and are already starting class action suits to get mortgages rescinded. They aren't currently going after cases where mortgage ownership was poorly documented, but it is clearly possible to challenge lenders in court and have the mortgage vacated if they have erred.

[url]http://www.washingtonpost.com/wp-dyn/content/article/2008/02/26/AR2008022603351.html?referrer=patrick.net
[/url]
sniglet
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Re: can you sell home when there is no mortgage assignee?

Postby RickB » Sat Jul 26, 2008 8:25 pm

Hi sniglet,

I remembered this thread when I ran into this article in the New York Times.



It looks like the issues you brought up are gaining some prominence.

-Rick
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