60 Minutes is reporting on the latest mess in the Mortgage industry.
Click on the link below to see the reports regarding the paperwork mess the banks have created by losing documents to show who actually owns your mortgage. Many mortgages were sold in bundles on Wall street back in the day and - imagine this - the paperwork transferring these mortgages has disappeared. Some banks chose to forge the documents.
How does this effect you? When you go to sell your home, you may have a difficult time if your loan was sold and there is no paper trail. Watch and learn.
http://www.cbsnews.com/stories/2011/04/01/60minutes/main20049646.shtml
HEATHER FELDMAN, EQUITY REAL ESTATE LUXURY GROUP PARK CITY 435-731-0803
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