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Does anybody know about a company named Kondaur?

Cocoa Beach, FL |

They are now claiming that the own my note, but my note was in a Trust. Who are they? How would the magically become the owners of my note?

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Attorney answers 3

Posted

A mortgage company. Notes can be sold. No magic, but probably a discount.

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Asker

Posted

Thank you Mr. Poulson, but was it sold out of a Trust on the SEC?

Posted

I agree. This note was almost certainly purchased by Kondaur from the prior owner of the note, with an Assignment of Mortgage. This happens all the time, nothing uncommon about it.

Asker

Posted

If it is suppose to be in an asset backed Trust on the Securities exchange, they just can't buy notes out of their

Posted

They exist. Maybe you are right in the middle of litigation and the Plaintiff filed a motion to subsitute party.