Homeowners facing foreclosure are, understandably, looking for hope. News reports of homeowners successfully asserting the “produce the note” defense to stop foreclosure have sparked that hope in many. It seems only logical that a company commencing a foreclosure action should be required to demonstrate that it is the real party in interest before that action can move forward. But simply demanding that a mortgage servicer produce the note or establish itself as the real party in interest isn’t the magic bullet it sometimes appears in the popular press.
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gilmoure liked this
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dawnowar said:
I work for the bank these days and we’re doing our best to find the notes!
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crazynutjob reblogged this from squashed and added:
Just to be clear,...wasn’t actually taking a position...the...
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vruz liked this
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squashed reblogged this from crazynutjob and added:
crazynutjob quotes:...I think you’re more or less right on this one. I tend to use the...
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