Buying or Selling a Home/home title

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Question
I have applied for a refinance through HARP.  I was told we would be closing about three weeks ago.   I called the banker and she said they were trying to figure out how to take care of my 19k second mortgage in this refi.  I said I don't have a second mortgage.  She said according to the title company I do with a bank in Rhode Island.  I live in Michigan.  I have never heard of this bank or signed any papers for a second mortgage.  I then researched and found this is the largest growing scam/crime in the US.  Anybody can add a second mortgage to your home, no social security number needed, etc.  So my question is, how do I get this fake bank off the title so I can get my refi done?   Or how do I get this taken care of quickly so I can get my refi?  Thank you for your help and time.

Answer
Hi Paul,

Good luck with the Harp I actually did this personally, and it took longer than anticipated but for the most part was the most 'painless' refi I have ever encountered.

On the second they show? Did you ever take out an equity line of credit? and never pulled any money out,[many were done with original first loans and homeowners never took money out.. and most times the banks were not the same on the first and second... ] but still have an open line? if so that could be what it is...

If it is an open line of credit, most will take a subordinated [2nd lien] position and remain in the second position (I had my Harp refi with Chase and then my equity line with Wells Fargo) I did not include the 2nd and was still able to Harp refi with Chase.

Where you live has no relation to where a mortgage may be located, and many time (especially back in the day) they were sold the day they closed sometime multiple times before they settled down, but do get to the bottom of it and have the bank help you out with finding out who they are and where they are.  Then contact them and get a copy of your note - you may be able to obtain this from your title co also (we do things a little differently here in California)

Dig into the specific cloud on your title and if it is not your get it cleared up...

Good luck

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Connie Wildasinn-Broker,GRI,CPRES,RealtorŪ

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Broker,CPRES,GRI,RealtorŪ, Investor since 1979. Buying or Selling Residential and Income/Investment Properties, How to understand the process, how to negotiate through the transaction, What to Look for - But more importantly 'What to lookout for!', How to tell if the time is right - or hold on and wait. Why "Not to listen to your friends and even your family members", Who really has your best interest at heart?. Understand why any market is a good market and how to spot a good investment for you! If you are looking in California.. check out my website www.WGroupRealtors.com and if you need assistance in a neighborhood I don't service, I will locate a local agent to that area who actually knows their profession and can assist you in your needs!

Experience

4th generation Realtor in the real estate business, I have helped for over 2 decades clients buy and sell, I am the owner of a local brokerage in the Los Angeles /Long Beach area, and have been a top producing agent in the area since I became licensed. Working through a deal is different to every client, no two people or deals are exactly the same. Knowing how to bring professional advise to the table with clear and concise understanding of real estate world. I can help you handle your buying, selling and investing, managing a 1031 Exchange, working with Equity Sales,Certified in Probate Sales (one of a handful!), Pre-Foreclosure, Regular and Short Sales there is little that I have not seen come across my desk over the decades!

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NAR, CAR, CPRES, WCR, ABR, e-Pro, GRI, BKBIA, CHNA,SSG

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USProbateServices.org Member, Broker Agent Magazine, Long Beach Business Journal, Long Beach Press Telegram, Signal Hill Tribune, Grunion Gazette, All Experts, Zillow - Lead Agent - Advise Expert, Truila - Advise Expert,

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Broker-owner, CPRES - Certified Probate Real Estate Specialist, RealtorŪ, GRI,e-Pro, SSG-Short Sale Certified

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Managing Broker for WGroup Realtors 19 years running top selling agent in Long Beach, South Bay area California. Top Producer 11 years straight Re/Max - Lifetime Achievement Award Winner, C21, Realtyworld.

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