1st and 2nd with ownit mortgage who forcloses?

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Icon Mini Profile connellyrobinson





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Post Posted: Mon Mar 24, 2008 4:16 pm    Post subject: 1st and 2nd with ownit mortgage who forcloses?
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I have a 1st and 2nd mortgage with ownit mortgage solutions. Can the servicing company forclose due to the fact that ownit is under bankruptcy and they closed their doors last year? Who now owns the note? How do I find out about that?
Icon Mini Profile larry





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Post Posted: Mon Mar 24, 2008 5:11 pm    Post subject:
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Hi connellyrobinson,

As you have filed Bankruptcy I think they cannot foreclose it now. which bk have you filed chapter 13 or chapter 7 ?
Icon Mini Profile connellyrobinson





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Post Posted: Mon Mar 24, 2008 5:37 pm    Post subject: 1st and 2nd with ownit mortgage who forcloses?
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larry,
I didn't file bankruptcy, my mortgage company did. Ownit mortgage Solutions. They closed their doors last year. I don't think that they are out of bankruptcy yet. That is the company that was involved with Merrill Lynch. My question is: can the servicing company forclose? Even during bankruptcy?
Icon Mini Profile Samantha
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Post Posted: Tue Mar 25, 2008 1:20 am    Post subject: RE: can servicing company foreclose?
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Hi Connellyrobinson,

Welcome to our forums.

If Ownit Mortgage Solutions is in bankruptcy, and have given the servicing rights to some other company, then the servicing company can foreclose if required. This is because the servicing company has not filed bankruptcy.

Are you in mortgage problems and do you anticipate a foreclosure? feel free to discuss your problems here, so that you avoid foreclosure.

Hope this helps...

God bless you.

Samantha

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AJ Taylor

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Post Posted: Thu May 13, 2010 10:28 am    Post subject: Ownit Mortgage Solutions
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Did the Bank of New York Mellon purchase any of the Ownit mortgages? If so, when? This reason I ask this is because Chase Home Finance, LLC purports to act as a servicer for New York Mellon on an Ownit mortgage about which I am involved.
Icon Mini Profile smithsussane
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Post Posted: Thu May 13, 2010 10:48 pm    Post subject:
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Hi AJ Taylor!

Welcome to forums!

As far as I know Ownit Mortgage Solutions are out of business now. They were once a part of Bank Of America. However, I'm not sure whether a portion of this company is now owned by Chase.

Sussane
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