[jonwinstanley]

A bank without redundancy is the best place to have your mortgage. Just hope that one day they forget about your debt.

[rubyfan]

More likely they will forget you paid them.

[Mister_Snuggles]

Always keep your receipts.

[drharby]

Real talk...they own my mortgage, i cant just 'forget about it' if they forget about it. I want to refinance it. Of they lose all data on my debt like that ending to Fight Club... is the debt just...gone?

[turc1656]

Nope. Liens are recorded with the county/state as part of property law, as well as any other encumbrances. So that would actually probably make your situation worse because the lien holder would have no clue about the debt and claim on the property and could be hell for you to remove even if you kept paying and eventually paid everything off. Could potentially be a nightmarish scenario and an exercise in pure bureaucracy. Probably some Brazil or Catch-22 style shit.

[rm_-rf_slash]

That was an issue during the housing crash. Banks were forclosing left and right on houses that were fully paid. It was a mess.

Pro tip: if you’re ever in that situation, demand the bank produce the deed proving ownership to a court of law.

[airstrike]

As a Brazilian who banks at Wells Fargo thinking about a mortgage, this thread isn't very encouraging

[chrisrogers]

He's referring to the film, but I appreciate the effect of the double entendre.

[zdragnar]

I'm relatively certain that it is on the lien holder to prove that you owe them money; otherwise, you could just re-file to have the lien removed.

[wolfpwner]

Nice