When your loan is sold, find the 18-digit Mortgage Identification Number on your documents to track it through MERS. The investor, not your original servicer, now owns the legal obligation. Many loans were never properly placed into mortgage-backed securities, so check public records to verify the trust actually exists.
The odds are that 90% of the people that are on this call have a GSE meaning a government sponsored enterprise where their loan was sold. So if you go to your documents, go look at your note, go look at your deed of trust, go look at your mortgage, you're going to see an 18 digit MIN number. MIN, right. That's put out by MERS Mortgage Electronic Registration system. But what we do is we're going to the actual portal where the data is stored. So what it is, is having an understanding of your loan documents and your state statutes at large. And they put together documents pertaining to your loan, they talk about what was to be done, what was done and what was not done pursuant to statutory requirements of law. You also, you're going to get an affidavit. And I've had a couple of bumper cases in New York and certain attorneys thought that they knew what they knew. And we shut down their summary judgment because why? Because they presented my affidavit which showed issues of genuine material fact. Here is where your debt is located and we give the specific side of where the debt is. We tell you when it was pulled, the party that pulled it, the name, the portal it came from. So there is no guessing, right? There is none of this, oh, he just pulled it off the Internet. No. When I sign under penalty of perjury, understand I am signing with penalty under a Class 3 felony if I am lying. Data doesn't lie. People lie all day long. Well, so far everything they have said is the truth. All right. But what they're not telling you is the debt has been sold. They no longer have any legal obligation to the debt. Who does? The investor. The investor is owed what's due to him. The difference is it's not properly secured. So when they say that they're putting your debt right into an MBS mortgage backed security. Right. Is it a really mortgage backed security? Are there mortgages that were filed in public record naming this trust? Hell no. And everyone can go check in public record for themselves. It.
