Posted on: 22nd Dec, 2010 04:41 am
Securtized mortgage is own by several investors , who has the legal right to the property since the bank that you pay your payments to is just the servicer
Hi howaboutit!
Welcome to forums!
You're the owner of the property. However, the mortgage lender has a lien on it. If you do not pay off the mortgage dues, then the lender can take back the property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You're the owner of the property. However, the mortgage lender has a lien on it. If you do not pay off the mortgage dues, then the lender can take back the property.
Feel free to ask if you've further queries.
Sussane