Can you payoff a mortgage with a primossory note Back by a bond and a set off bond?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Hello, I in fact we also used this financial tool or instrument to pay off two of our mortgages with Washington Mutual Bank and two lines of credit or helocs with them as well. The company that we used was Gateway International Inc.. They seem to be on the up and up and nobody can verify that are not including the FBI of which we checked with, in order to verify our trust in Gateway. We have certified mail receipts and original copies of the notes along with directions for the lender to redeem the notes for cash at the federal reserve. The package looks good to us, Washington Mutual did foreclose on one home and is in process on the other. When we asked the investor what the hell was going on he simply said that he has been through this before and he knows he owns the homes and has addressed the payoffs in his 2007 tax filings and the IRS has been made and is also aware of WaMu double dipping collection policy with its consumer mortgage loans. We are under the assumption that is is illegal to proceed with foreclosure and to take possession of the homes after they had already been paid off in full, almost six months ago. The crime being that WaMu has three days to return the note if they were not going to accept it. They indeed did not, 2nd they re-keyed our home and took possession of six months after accepting payment in full. They never returned the notes to the investor, and they now have been paid in full and have possession. I am looking for a very large settlement when this is all said and done from WaMu. They have trashed our credit and taken our home and have done it to many others as well, google it and see. I would only recommend this plan if nothing else could be done to save or sell your homes. Andrew
17 people found this useful

What is an off set mortgage?

Also known as a flexible mortgage, an off set mortgage allows theamount of interest owed to be reduced by offsetting a creditbalance. Offset mortgages are commonly used in the

What is a mortgage bond?

\nThere could be multiple answers depending on the context of the question.\n. \nOne common use is to refer to a bond that is backed by a pool of mortgages. The bond produces

Can no bond be set for executor on will?

The testator can specify that no bond be required. It is a common clause often found in both standardized wills and forms. Consult a probate or estate attorney in your area fo

What is the features of a mortgage bond?

A mortgage bond is a bond that is secured by a mortgage on a property. Mortgage bonds are backed by real estate or physical equipment that can be liquidated. These are usually

Fall away first mortgage bonds?

The purpose of "fall away" FMBs is to ultimately replace an existing first mortgage indenture with an unsecured note financing program or a modernized first mortgage indenture

How do I get my name off a bond?

If you were one of the signers of the defendants bailbond but no longer wish to place yourself at risk, you can go to the bailbondsman and request to be removed. You may still

How do you get the bond and trust back with your boyfriend?

By letting the person who did the wrong to make amends and prove that it will not happen anymore. Trust will take time to get back or give it back. What you need is let time h
In DVD Players

When are bonds called back?

the risk that issuers may call back, or retire, the bonds. Such bonds may be retired when interest rates are declining.
In Loans

Are mortgage bonds secure bonds?

A mortgage bond is a bond secured by a mortgage on one or more assets and are typically backed by real estate holdings. In a default situation, mortgage bondholders have a cla
In Mortgages

Is a mortgage considered a bond type security?

No. A mortgage is a loan secured by real estate. No. A mortgage is a loan secured by real estate. No. A mortgage is a loan secured by real estate. No. A mortgage is a loan