Who Owns the Mortgage Note?

Certainly, there will be have a lot of opinions and perspectives about the people, whom own the Mortgage Note, but there are not really a clear answer about it.
If your mortgage is typical, you'll find that no one really owns it in the way that most people think of ownership.

If you do a look up for the owner of record, you may find that it is the Mortgage Electronic Registration Service.  If you dig a bit deeper, you'll find that that the legal owner of the mortgage is a special purpose vehicle which consists of a trust, and the owner of your mortgage is a piece of paper.

There is a loan servicers who administrates the mortgage, but they don't own the mortgage.  You also have investors that get the funds from the mortgage, but they also don't own the mortgage.

Besides, there are some suggestions that: The first thing you need to do is learn how does this business work.When you buy a note you are not the  property owner, you are the bank. You don’t pay for maintenance, property tax or insurance. You simple receive a mortgage payment ever month. You know what the payment will be so you can plan ahead. If the payments are not made you can take the collateral which in most cases it´s the property.
I think all the imformation above is outlined for you a better understanding of this issue.