https://x.com/WallStreetApes/status/1849536100328501579
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More people speaking up about North Carolina Hurricane Helene Victims having their home mortgages bought out by a company owned by Vanguard
So the same company doing the FEMA home evaluations is also buying out the people’s mortgages who had their homes destroyed. Pure insanity.
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No, Mr. Cooper does not perform FEMA home evaluations. Mr. Cooper is a mortgage servicing company, and their services focus on mortgage origination, refinancing, and loan servicing.
FEMA home evaluations are conducted by FEMA or their contracted inspectors
fema.gov/es/press-relea…
mrcooper.com/about-us/overv…
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8:39 AM · Oct 24, 2024
You have zero control over it.
That is what they want you to believe, but the contract law says otherwise. The bank must have a contract with you not the original bank. This is true with collection agencies. I had one contact me and I told them to send me a copy of there contract with me. It was fraud anyway all my bills were paid. They said they didn't know what the debt was for, probably a utility. I told them, ok go ahead and send a contract that I had made. I never heard from them again.
If you actually read your mortgage loan paperwork, they specifically put in there, that they can sell your mortgage to whomever they wish and whenever they wish. I know; I read every single page of mine in front of the lawyers. At least in Virginia, they do.
The problem is you're trying to compare a mortgage lender to a collection agency, they're not the same. While you can get away with telling the collection agency to provide proof of debt via FCRA, you cannot do that with a mortgage lender.
That is the thing, it is not in mine here in Calif. They may have changed as this was quite awhile ago.