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Deed Question

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marchuleta Guest	Posted: Thu Nov 05, 2009 3:46 pm    Post subject: Deed Question Hi- My mortgage originated with Wilimton Finance and then was transferred to Citibank. It has then since been charged off for non-payment, but not foreclosed on. Can they not foreclose on the house since the deed is actually in Wilimton Finances name? What happens if I ask the collection agency to produce the note and they can't do it? Do I still technically owe the debt? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 3852 Location: ALASKA 120.89 Dollars($)	Posted: Thu Nov 05, 2009 8:59 pm    Post subject: Hi marchuleta, Though the mortgage docs have the name of Wilimton Finances, it has been charged off. The collection agency has the rights to collect the dues from you. If you do not pay off the dues, then they can sue you or place a lien on your property. You can definitely ask the collection agency to validate the debts. If they can't do so, then they cannot collect the payments and they should not contact you anymore. _________________ Procrastination is the enemy of your financial sucess

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