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re: Possible to pay off someone's mortgage anonymously?

Posted on 3/15/12 at 11:02 pm to
Posted by MoreOrLes
Member since Nov 2008
19472 posts
Posted on 3/15/12 at 11:02 pm to
Mortgages fall under Fair Credit laws. To even speak to a bank about someone elses mortgage you must obtain 3rd party authorization from the mortgagor

So I say legally no.

Now if a local bank lends it's own money and you know someone at the bank....perhaps but I still think it would technically be illegal. JMO

Now if you could obtain their account number of the mortgage than I don't see why you couldnt do it. Or at least pay on it. However I don't think you can find out the payoff without the authorization from the mortgagor.

Sorry i did have my terms mixed up. So duly noted and corrected.
This post was edited on 3/17/12 at 12:54 pm
Posted by Teddy Ruxpin
Member since Oct 2006
39747 posts
Posted on 3/15/12 at 11:58 pm to
quote:

Mortgages fall under Fair Credit laws. To even speak to a bank about someone elses mortgage you must obtain 3rd party authorization from the mortgagee.


I'm confused, the bank is the mortgagee. I'm just guessing you have the terms mixed up?
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