Re:Tell HN: Wells Fargo completely offline
by turc1656 on Thursday February 07, 2019 @05:37PM
(#19109338)
Nope. Liens are recorded with the county/state as part of property law, as well as any other encumbrances. So that would actually probably make your situation worse because the lien holder would have no clue about the debt and claim on the property and could be hell for you to remove even if you kept paying and eventually paid everything off. Could potentially be a nightmarish scenario and an exercise in pure bureaucracy. Probably some Brazil or Catch-22 style shit.
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Re:Tell HN: Wells Fargo completely offline
by rm_-rf_slash on Thursday February 07, 2019 @05:46PM
(#19109427)
That was an issue during the housing crash. Banks were forclosing left and right on houses that were fully paid. It was a mess.
Pro tip: if you’re ever in that situation, demand the bank produce the deed proving ownership to a court of law.
Re:Tell HN: Wells Fargo completely offline
by airstrike on Thursday February 07, 2019 @06:45PM
(#19109848)
As a Brazilian who banks at Wells Fargo thinking about a mortgage, this thread isn't very encouraging
Re:Tell HN: Wells Fargo completely offline
by chrisrogers on Thursday February 07, 2019 @07:05PM
(#19109964)
He's referring to the film, but I appreciate the effect of the double entendre.