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    indymindy's Avatar
    indymindy Posts: 1, Reputation: 1
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    #1

    Jul 20, 2009, 03:50 PM
    CT mortgage holder vs mortgage owner
    We live in Connecticut. My male friend and I find ourselves in the process of foreclosure on a home we used to live in. I moved out 1.5 years ago and he moved out a month ago. There were "family circumstances" that couldn't be worked out when I left. We can't afford an attorney so we are representing ourselves. Through researching I just found out that Freddie Mac is the "owner" of our mortgage and that BAC Home Loans Servicing is the "holder" of the mortgage. What is the difference between the mortgage owner and the mortgage holder? I have searched on-line but can't find a site that explains it. :confused:
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #2

    Jul 20, 2009, 04:12 PM
    Quote Originally Posted by indymindy View Post
    What is the difference between the mortgage owner and the mortgage holder?
    One is the actual mortgagee, and the other is simply responsible for processing the paperwork.
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