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In 2006 we had a mortgage with Novastar mortage inc which was done thru mers as there Nominee.Two years later Saxon mortgage services bought Novastar as they went out of bussiness.I think saxon is out of bussiness today also.So saxon assumed novastars loan with us and we started payments to saxon at that time.In 2009 we reset the mortgage again with HFC and they paid off saxon mortgage in full and we had a new loan with HFC.
So looking at the county papers & mortgage papers I see where the satisfaction of mortgage is filed under Novastar only as requested by saxon, and it also said this mortgage has not been assigned .I also see where HFC paid Saxon servises ,not Novastar or the satisfaction would be in Saxon's name not Nova star. So Novastar never transferred the note to saxon or HFCHfc is the one foreclosing on us .Is the chain of title broken here as It was never assigned by Novastar to Saxon services or to HFC ,but hfc paid off saxon and then filed a satisfaction in Novastars name only.It seems mers filed the satisfactions as nomineee for Novastar,but didn't give permission or assingment to HFC as there's no record of it at the county.In the mortgage folder there a notice of payment which we signed saying saxon was paid in full but I don't see any assigment papers from novastart to saxon or saxon to HFC or for that matter Novastar to HFC.It seems mers stopped at novastar as nominee or did saxon automically become nominee with mers when they bought Novastar.This way saxon was really novastar and could give the loan to HFC and if thats true where's the Mers assignment from them to HFC.In the silverberg case assigment has to be done to foreclose and no assigment papers were attached to the note in foreclosure from anyone.Maybe they don't have real transfer here.