Do you ever wonder what happens behind the scenes when you take out a mortgage?
Sure, you know it gets sold, you make payments, taxes and insurance are paid from escrow and there is that mortgage servicing company.
But the reality is way more complex!
Dan Ekstrom, a Reverse Engineering and Failure Analyst, created this flow chart showing the life of the mortgage on his own home.
It took a year to create… Any wonder we are in a mess?
See it full size here:
Check out Dan’s company Blog here:
Barry Bevis, Broker/Realtor