Indiana Homeowner, are you losing your home due to the recent mortgage scam? Joe Lents down in Florida hasn't paid a dime on his loan since 2002 and its a $1.5 million house.
That's when Washington Mutual Inc. first tried to foreclose on his home in Boca Raton, Florida. The Seattle-based lender failed to prove that it owned Lents's mortgage note and dropped attempts to take his house. Subsequent efforts to foreclose have stalled because no one has produced the paperwork.
Judges in at least five states have stopped foreclosure proceedings because the banks that pool mortgages into securities and the companies that collect monthly payments haven't been able to prove they own the mortgages. So Indiana homeowners, make the lender prove in court that they actually own the paper before you pack your bags.
