Posted on: 27th Feb, 2009 09:58 am
we are 5 months behind on an interest only loan to a mortgage company that receives our payments but has a recording that says they are only a "collections agency". we have never seen the transfer of original mortgage from the previous company that we signed papers with. he says he doesn't want to foreclose on us thus the quit claim deed - sign the house over; completely walk away owing nothing.
you need to speak with an attorney...this is a far-fetched scenario to me.
