But the Morrisons were saved when their mortgage holder, California-based IndyMac, was seized by federal regulators recently.

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And what he'd like people to do is call their mortgage holder and see if they qualify.

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Whitney Tilson, founder of T2 Partners, suggests that sometimes playing chicken with mortgage providers and missing a few payments could work in the mortgage holder's favor.

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Then neither Bank of America (the new mortgage holder), JPMorgan Chase (the old mortgage holder) or my local tax office was willing to give me my money back.

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It called every mortgage holder in his district, claiming (falsely) that Mr. Ryan wanted to raise the cost of their mortgage and asking if Fannie could tell the congressman to stop on their behalf.

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Deputy KRISTINE JONES (Cook County Eviction Unit): What you have happen a lot of times with homes is - even with apartment buildings - is the mortgage holder, the owner of the actual property, is the only person who's notified, because he's the only person that the bank has knowledge of.

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The holder of the second mortgage has to agree to get in line after the first (which they already do).

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Therefore, the mortgage note was not actually signed over to the bond holder.

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