What if your professional Portland mover here were to advise you to NOT pay your mortgage? The advice may sound like pure madness, and while you wouldn’t likely take real estate advice from a moving company, there are literally millions of cases where skipping out on your mortgage payment may actually be sensible advice. A recent court-ruling in Massachusetts established that the bulk of foreclosed-upon properties repossessed by banks within the last five years were taken fraudulently as the banks do not own the promissory notes necessary to show property ownership. If you’ve recently moved to a foreclosure property, continuing to pay your mortgage may not only be unnecessary, you could quite possibly be participating in fraud by paying it! 

The ruling in Massachusetts sheds light on this very serious discrepancy and suggests very heavily that this may be applicable to foreclosure cases all throughout the country. With so many foreclosure cases within the past several years surfacing showing no actual proof of banks’ property ownership, the country’s foreclosure situation is turning into a gigantic mess to say the least. Though previously thought to be a smart move, your Portland relocation experts say that jumping on affordable foreclosure property is probably not a very good idea right now! 

Your Portland movers are surely not the only ones who can’t wait to see how this foreclosure fiasco pans out, it is certainly not a simple matter! If you have impending plans to move in to a foreclosure property in Portland –or anywhere else for that matter– take your mover’s advice and be sure that you will actually own the title to your new home! The last thing your Portland mover wants is to move you twice due to unexpected and unfortunate findings regarding your new home. Nobody in his or her right mind would want to get sucked into the legal chaos that currently surrounds foreclosures in the US; be careful and be sure to get plenty of professional advice!