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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?

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: Mon, 03/24/2008 - 17:11 | 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: Mon, 03/24/2008 - 17:37 | 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: Tue, 03/25/2008 - 01:20 | Post subject:

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