Posted on: 26th Mar, 2010 08:50 am
I have citi forclosing on my home. I asked for a copy of my note and D.T.. They sent me a copy and it states that they are the hiolder/ owner of the note and deed of trust.
They also serves the loan.
ok, I go to a Hope save your home meeting for help and meet with a citi rep. He state that he only able to do certain thing for me because Freddy Mac owns the loan !!
I look up on Freddy Mac's web site and they state they own the loan?
Yet citi is forclosing as the owner of the loan and their is nothing recorded in the public records about Feddy.
My question is 1) whom really/legally posses my original note and D.T.?
2) How do I go about locating the original Note & D.T. ?
3) have I asked the all correct questions?
They also serves the loan.
ok, I go to a Hope save your home meeting for help and meet with a citi rep. He state that he only able to do certain thing for me because Freddy Mac owns the loan !!
I look up on Freddy Mac's web site and they state they own the loan?
Yet citi is forclosing as the owner of the loan and their is nothing recorded in the public records about Feddy.
My question is 1) whom really/legally posses my original note and D.T.?
2) How do I go about locating the original Note & D.T. ?
3) have I asked the all correct questions?
Hi Garry!
Welcome to forums!
Citi is your loan servicer whereas Freddie Mac is the investor. If you default on your loan, the lender, i.e. Citi will foreclose your property. As Freddie Mac is the investor, you may get certain programs which may help you in saving the property. You can apply for a loan modification in order to save the property. It will help you in lowering your interest rate or reducing your principal balance which will make it affordable for you to pay off the loan.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Citi is your loan servicer whereas Freddie Mac is the investor. If you default on your loan, the lender, i.e. Citi will foreclose your property. As Freddie Mac is the investor, you may get certain programs which may help you in saving the property. You can apply for a loan modification in order to save the property. It will help you in lowering your interest rate or reducing your principal balance which will make it affordable for you to pay off the loan.
Feel free to ask if you've further queries.
Sussane
I still do not know where Freddy came into the picture ? As I mentioned before there is nothing recorded in the records office.