Quote Originally Posted by Bjauck View Post
When loan info states that a borrower has a mortgage free home, does that mean that the borrower personally owns the home? In other words, that the home is not owned and protected by a family trust.
Harmoney is not in a position to know, unless there is an independent trustee registered on the title, which isn't necessary although common for trusts established by lawyers. If the borrowers are also the trustees then as trustees they would be committing fraud by not disclosing the existence of the trust and on that basis the trust might be liable for the trustees fraud - but Harmoney seems not to have the processes or resources to deal with such issues. So, don't expect recoveries from the house.