Local Real Estate Networking
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply

Unpaid mortgage for over 8 yrs and no foreclosure!
Open mortgage on a house that hasn't been paid for in 8 yrs plus some city taxes due any suggestions?
Most Popular Reply

Most original lenders have sold these loans to junk rating banks for a fraction of the original loan. Then they turn around sell to other lenders. Records, balances are not always transferred. I am aware of several borrowers they get letters from past or current lenders over 10 years. They are so used to a default letter packages, and auction notices. Some have no door bell, address number removed. They are like seasoned squatters staying there free uninterested to talk to any strangers. Some filed bankruptcy protection if there is an impending auction.