The findings in this examination are factual although they are here provided for informational purposes only and are not to be construed as legal advice. The borrower or the reader, as the case may be, was or is advised to consult a competent legal professional in connection with the contents of this report and its proper use.
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THE DEBT & THE SECURITY
The Promissory Note
The loan that is the subject of this examination was granted on August 29, 2007. The parties in the promissory note are (Name Withheld), the borrower and Countrywide Bank, FSB, the originating lender. It is a Fixed Rate Note with a term of 30 years to mature on September 1, 2037. This note has been endorsed twice. The second endorsement is in blank.
Countrywide Bank, FSB was a subsidiary of Countrywide Financial Corp. which, together with Countrywide Home Loans, Inc. and Countrywide Home Loans Servicing, LP, was acquired by Bank of America, NA in July 2008.
The Mortgage was executed on August 29, 2007. The parties are the borrower, the originating lender and Mortgage Electronic Registration Systems, Inc. (MERS) which is named as nominee for the lender and mortgagee. This instrument secures the debt of the borrower to the lender including interest thereof. The mortgaged property is located at (Address Withheld). It belongs in the jurisdiction of (Name of County Withheld). This Mortgage was recorded in (Name of County Withheld) on September 7, 2007.
Information on the Debt & the Security Instruments
Parties in the Debt & the Security Instruments
Loan Modification
No document was presented in this examination which shows that the loan is subject to a loan modification agreement.
About the Servicer
An inquiry for the servicer on the MERS website on November 28, 2017 discloses that the subject loan is serviced by Bank of America, NA.
Bank of America, NA is successor by merger to BAC Home Loans Servicing, LP, formerly known as Countrywide Home Loans Servicing, LP, an affiliate of Countrywide Bank, FSB.
1. The subject loan exists according to the amount, interest rate, maturity date and the other
terms and conditions stated in the Fixed Rate Note which is signed by the borrower. This note
has been endorsed twice. The second endorsement is in blank.
2. The Mortgage exists as a security on the loan according to the amount, maturity date, property
address, and the other terms and conditions stated in the mentioned deed which is signed by
the borrower and has been notarized. It represents a first lien on the title of the mortgaged
property and was recorded in the county where the property belongs.
3. The subject loan has not been modified.
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