Wachovia said that investor does not want to modify loan. Do they hold note to my house?
MBS undoubtedly stands for "Mortgage Backed Security". You loan is a loan bundled together for sale. Wachovia is just the servicing agent. The servicing agent does not own the loan or the note.
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It doesn't matter. In California, a lender generally has no obligation or duty to provide a borrower with a loan modification. (See California Civil Code section 2923.6).
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