3 Thoughts on What is a home deed and can only the mortgage holder be on it?
  1. Reply
    May 18, 2013 at 2:44 am

    You will get the deed when the lender is paid in full. Until that happens, the lender really owns it. Please read ALL of your loan documents! Read everything. You should be able to read all of your closing documents before closing so you understand why certain thing happen to your note over the years.

    You can cut the payoff of the mortgage (almost in half) by making bi-monthly payments FYI.

  2. Reply
    Raj Kumar
    May 18, 2013 at 3:08 am

    Finding out who owns your mortgage can be more challenging than you might think. In many cases, a lender will sell a mortgage to a new owner within an hour of closing the deal. That new owner may, in turn, sell it quickly to another company, further compounding the challenge of finding out who owns the mortgage. In addition, the mortgage may be split up and sold to multiple investors. The company that services the mortgage may have difficulty actually finding out what entities own the debt itself.

    1. Contact your mortgage loan servicer and ask what company currently owns the mortgage. Send a letter for the best results, and keep a copy for your records. You may also use the telephone number located on your latest mortgage bill. In most cases, this will only put you in touch with the servicer, but if the lender in question still owns the loan, you may be put in touch directly with the lender. If you own a Federal Housing Administration (FHA) mortgage, you can contact someone at (800) 225-5342 to find out what company currently owns your mortgage. If your mortgage is owned by Freddie Mac or Fannie Mae, you may contact those companies directly.

    2. Search for your Mortgage Identification Number using the MERS system (see Resources). Due to confidentiality laws, this will likely only give you the information of the loan servicer and not the investors or companies that own the mortgage.

    3. Contact the originator of the loan for more information about who might own the mortgage at the moment. The originator may have records of what company it sold the loan to. This may lead you to the current owner of the mortgage.

  3. Reply
    May 18, 2013 at 3:28 am

    I think the posters are confused. A recorded deed is proof of ownership. The mortgage holder (mortgagee) isn’t on the deed and they don’t “hold” the deed. When you sign a mortgage you also sign a promissory note. The mortgage is security for payment of the promissory note and if you don’t pay the mortgagee must file a foreclosure action to obtain title to the property.


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