Before anyone considers doing a loan modification, they should make their lender prove that they are in fact the holder of their debt. The practice of selling the mortgages into the secondary market is very common. Right now there is a bill(LD #145)up before the Maine Legislature, that would require the lender to produce the original documents before proceeding with foreclosure. The banks are having a fit and do not want this bill to pass, because complying would expose their fraud. Tom Cox has spent countless hours working on LD #145, trying to make it acceptable to all. THANKS Tom. Three weeks after my house was sold at the foreclosure auction, I discovered that the credit union (yes a little local credit union) had been selling loans into the secondary market for five years, and did not retain servicing rights. My mortgage was right in the middle of this time frame. I have requested the credit union to show me the original documents, but each time they have refused. If they did not possess the original documents at the time they filed for foreclosure then they did not have standing to foreclose. Nevada and Michigan now have laws on the books that make it a felony for lenders to enter fraudulent paperwork into a foreclosure case. Maine needs to follow suit.