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I read many stories about the closure of the courts to throw attempts, as expected, the owner could not prove that mortgage. Apparently mortgage securities business was mixed with mortgages around so much, sometimes without trace, or so I read. WaMu mortgage my services, but how do I know who actually owns the loan? I guess that WaMu will send the money somewhere. Is this the device I want? Who would have tried to get close, God forbid, I should stop paying my mortgage? Is it possible to know (other than an obvious and potentially destructive of the possibility of my money) if I could have, after passing?

4 Thoughts on How do I know who exactly, owns my mortgage?
  1. Reply
    February 23, 2011 at 2:44 pm

    Look up the tax records.

  2. Reply
    February 23, 2011 at 3:16 pm

    Go to the county recorder’s office in your county and see if the mortgage has been assigned to another company. There has to be a paper trail of the mortgage from the date it was created.

  3. Reply
    February 23, 2011 at 3:59 pm

    Unless your loan was a subprime and held in portfolio by WAMU, your loan was sold to Freddie Mac or Fannie Mae and then packaged into a pool of other similar loans. Pieces of the pool were then sold to many individual investors who purchased mortgage backed securities (mortgage bonds) on Wall Street.

  4. Reply
    February 23, 2011 at 4:00 pm

    Of course you would be foreclosed upon if you ceased making your mortgage payments. It is irrelevant who owns the actual ‘paper’ for your mortgage. If WaMu is merely a servicing entity for another, you can rest assured that WaMu will inform the holder if you default. Foreclosure will follow shortly.

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