mortgage–Who owns it? Please help.?
I bought my home and got financing through a mortgage company (lets call it ACME Mortgage). I make my payments to US Bank, as they aquired the loan. My loan is a Fannie Mae Loan on top of that. I have a single payment to US Bank.
So who really owns the loan? With all the foreclosures and “show me the note” rhetoric online I have the following questions:
1. Who really owns the note?
2. Can I get out of the mortgage by stopping payments, then asking them to produce the note? I agreed to pay ACME, not US Bank or Fannie Mae.