Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

1st and 2nd with ownit mortgage who forcloses?

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?

larry2's picture
larry2 | Joined: June 27, 2007 02:50 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi connellyrobinson,

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:39 | Post subject:

connellyrobinson's picture
connellyrobinson | Joined: March 23, 2008 07:39 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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?

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:39 | Post subject:

Samantha's picture
Samantha | Joined: September 16, 2005 11:59 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

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 [url=http://www.mortgagefit.com/foreclosure/17ways-avoid.html]avoid foreclosure[/url].

Hope this helps...

God bless you.

Samantha

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:39 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

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.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:39 | Post subject:

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

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

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:39 | Post subject:

Page loaded in 0.095 seconds.