Mortgage Ownership Proof Required

Summary

In Washington State, mortgage lenders, including Fannie Mae, must provide proof of ownership to foreclose. If Fannie Mae claims ownership without documentation, it may not comply with state law. You can request documentation, such as the chain of title, to verify their claim. Consulting with a local attorney specializing in real estate or foreclosure law could be beneficial.

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It seems like you have a question about MERS and its role in mortgage transactions. MERS typically acts as the nominee for the lender and serves as the mortgagee of record. If you have concerns about how this affects your mortgage, could you provide more details about your situation or any specific issue you are facing?
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It seems like you're asking about the relationship between Fannie Mae and MERS. Fannie Mae is a government-sponsored entity that buys mortgages, while MERS acts as a nominee for mortgage lenders. Could you clarify your concern or question regarding Fannie Mae and MERS?
Fannie Mae claims to own a mortgage but hasn't provided proof is this legal
Case Rating: *
In Pennsylvania, mortgage lenders must prove they own the debt to foreclose. If Fannie Mae claims ownership without proof, it may not comply with state law. Consider asking these questions:
- Did you receive any formal notice from Fannie Mae about the ownership?
- Have you requested documentation from Fannie Mae to verify their claim?
Washington State Fannie Mae claims to own a mortgage but hasn't provided proof is this legal
Case Rating: *
While I can provide general information, note that laws may vary by state. In Washington:
- Mortgage lenders, including Fannie Mae, typically need to provide proof of ownership to foreclose.
- Washington law requires lenders to have proper documentation for foreclosure.
Have you received any formal notice from Fannie Mae about the mortgage ownership?
* mortgage crisis fed law says only owner of loan can sue for disclosure Fannie Mae claims to iwnoan but hasn't provided proof with dates loan transferred or signatures
Case Rating: *
It seems you're dealing with a complex issue involving mortgage ownership and documentation. Here are some general points to consider:
- Fannie Mae must typically provide proof of ownership if they claim to own your mortgage.
- You may request documentation, such as the chain of title, to verify their claim.
- Consulting with a local attorney specializing in real estate or foreclosure law could be beneficial.
Since it's a relatively high-value issue but not exceeding *, it's recommended to seek legal advice from a professional familiar with your jurisdiction.