Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Hello,
We live in Trenton, Ohio. (Butler County)  We built our home in 1996.  Refinanced in 2001.  Our loan has been bought and sold several times.  Freedom mortgage now owns our loan...that is until we received a letter stating that our loan was sold to Chase Bank and we were to begin paying them.  We attempted to make payments for over 2 months to Chase.  They said they could not take payment because we were not in the system that it could take up to 60 days.  After 3 months had past Freedom Mortgage comes back to us asking "why" we are delinquent.  We explained, they won't take payment.  We were working for forbearance and today received court papers demanding the full loan amount due.  HELP...we are seeing a lawyer next Tuesday.  I have contacted the attorney general.  We have the letter stating our loan was sold and signatures from Chase employees who could not accept payment.  They are stealing our house....organized crime does exist...they are mortgage companies. Any help, advice, contacts etc. is greatly appreciated.  Thank you. Julie
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OHIO
Julie,

Has anything been recorded with the county recorders office?

Sounds like Freedom is pulling a fast one here. For some reason I don't think the assignment to Chase was a "done deal" before they notified you the loan was sold. Was the loan in default before it was sold?

Maybe someone at Chase caught the default status and kicked it back to Freedom?? Maybe this is why the Chase people could not find you in their system and this is why Freedom came back into the picture??

Anyway...in the meantime they cemented you in default. 

I smell a big fat rat......

If you are not familiar with RESPA please go to http://www.hud.gov/offices/hsg/sfh/res/respa_hm.cfm

I have copied a bit of the info below 

Loan Transferred to New Servicer. Your loan servicer is required to notify you in writing at least 15 days before the servicing of your loan is transferred to a new servicer. The notice must include the following information:

  • The effective date of the transfer, the date your current servicer will stop accepting payments and the date the new servicer will begin accepting them.
  • The name, address, and toll-free or collect call telephone number for the new servicer.
  • Information that tells whether you can continue any optional insurance, such as mortgage life or disability insurance, and what action, if any, you must take to maintain coverage.
  • A statement that the transfer of servicing does not affect any term or condition of your mortgage documents other than the terms directly related to the servicing of the loan.
Treatment of Payments During Transfer Period. During the 60-day period beginning on the effective date of the transfer, the payment may not be treated as late if you mistakenly send it to the old mortgage servicer instead of the new one.


Hope this helps and good luck with the attorney!
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Who originated the loan?

What is the basis for your belief that Freedom Mortgage owns your mortgage loan?  That does NOT sound right.  More likely Freedom Mortgage was the Servicer

Does the notice you received say that Chase Bank is the new owner of the mortgage indebtedness or that Chase was the new servicer??

Is the foreclosure action a state or federal court foreclosure??  Who is the named plaintiff in this action?

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