Who owns the Note?

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Notes From Foreclosure Trials. The point of this post is to understand that when “The Bank” pursues a foreclosure and when “The Bank” sells the home of a citizen in foreclosure, they are merely a front for the real party that is directing the legal action in something like 70% of the cases, and that is Fannie Mae and Freddie Mac.

Who owns the note? Paperwork problems still plague foreclosure actions Senior Editor John Adams, as a new lawyer, was very nervous when he tried his first case in court, according to biographer David McCullough.

Who owns the Federal Reserve, who actually controls it, where does it get its money, and whose interests is it serving? Not Private and Not for Profit? The Fed’s website insists that it is not a private corporation, is not operated for profit, and is not funded by Congress.

The Mechanics of Seller Financing. In seller financing, the seller takes on the role of the lender. Instead of giving cash to the buyer, the seller extends enough credit to the buyer for the purchase price of the home, minus any down payment. The buyer and seller sign a promissory note (which contains the terms of the loan).

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Who owns our Note was a bit irrelevant until 2009 when we tried to get refinancing or modification of our mortgage. By this time Bank of America (BAC) had bought out the corrupt floundering carcass of Countrywide and assumed the servicing of our mortgage.

In those instances, both spouses are owners, and both will sign the mortgage documents, but only the spouse signing the mortgage note is obligated for repayment of the debt. Also, if you have trouble paying your mortgage and miss payments, only the spouse who is on the mortgage note will have their credit affected.

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Who owns the US dollar?. What is now called the US dollar is actually a Federal Reserve Note, says it right at the top of each bill. Why does that matter? Read on. First of all, a US dollar, as something before 1913, was an instrument of wealth. That piece of paper, or just as common a gold.

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