Sunday, November 23, 2014

Does someone legally own a property if they bought the mortgage note and the seller defaults on payments?

If someone bought a mortgage note on the Prosper web site and the owner defaults on the property, do the person who bought the note on the property, now legally own the property? Is the property legally the mortgage note buyer, who bought the mortgage note on the Prosper web site?

Read more: Does someone legally own a property if they bought the mortgage note and the seller defaults on payments?