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re: Possible to pay off someone's mortgage anonymously?
Posted on 3/15/12 at 11:02 pm to Jim Rockford
Posted on 3/15/12 at 11:02 pm to Jim Rockford
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.
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 on 3/15/12 at 11:58 pm to MoreOrLes
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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