Can wells fargo sell your note if they haven't won a foreclosure against you?
3 attorney answers
Wells Fargo can sell your note to whoever they want whenever they want. You may want to talk to an attorney about your concerns with the mortgage and its validity.
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Debt on real estate is bought and sold all of the time. The debt is only as good as the underlying paperwork though.
Real estate loans are always witnessed by a Notary Public. The reason is to put a third party in the position of verifying the identity of the person signing the loan documents. While your friend may be telling the truth about "it not being her signature," if the notary has a copy of her ID and testifies that s/he witnessed this person signing the note, I suspect the judge is going to believe the notary. Especially if this woman accepted the proceeds of the loan.
Signing someone else's name to a document without authorization is a very serious crime. It should have been reported to the police as soon as it was discovered. Hope this perspective helps!
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