I have made many attempts to contact what I thought was the new lender that took over my loan when the exisiting lender went out of business and have never being able to receive a response from the lender. I have made payments electronically through my bank and all payments were returned. I received repayment agreement documents that increased the current payment by 50%, and terms that I can only describe as fraudulent and predatorily.
I never signed any new documents with this company. I even submitted an offer to purchase from an outside buyer and after numerous attempts to contact lender with no response and months later (I have dated documents to proved all of my contact attempts about 20 or more), the buyer withdrew. Now, the company is trying to foreclose and the documents I received have not only not been recorded, but are not from the same state the property is located.
Since I am a licensed agent, I understand the recording process in order to be legal have to be recorded in not only the same state, but same county. This has not been done. Furthermore, when I pulled up the original county documents, this is when I found out that MERS was on the documents I had never heard of them and did not know who they were until I researched the company. This is lender fraud conspiracy and I not only want someone held accountable but would like to know who I can prosecute for compensation. Does this company or the company behind the name even have a Deed of Trust on my property—I'm betting they do not. And if this is the case, how can they foreclose on the property.
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