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Originally Posted by m21sniper
Obviously that's not the case milt, because this stalling tactic is said to be able to delay the process by months because these loans have been packaged and repacakged. The original owner of the note no longer owns it. It has changed hands innumerable times.
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When you sign the note, you also sign an agreement that it may be transferred to anyone, but the terms remain the same. The exchange of mortgagors has nothing to do with what you signed. Your signature, notarized, is all the judge needs to see. I say judge, because anyone holding the deed can get a judgment against you if you default.
Getting your car title when you finish off the payments is sometimes a tough thing to do. When the bank or lender signs off on a form, the DMV generates a new title. Forget seeing the original these days.