Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

What happens when a lender can’t produce the original note?
I don't know if this strategy works in Connecticut, but I imagine it can buy time before the lender forecloses, even if it doesn't stop the foreclosure via the Discovery process.  Here is a link to more info on it.  This caused a lot of stir in the media in 2008, but I haven't heard too much about it since then. 
 
A growing number of homeowners around the country are using a foreclosure defense that may help them retain their homes. It’s called “Produce the Note” (as also being jointly advocated by The Consumer Warning Network) and we want you to know this is not a mere technicality that should be treated lightly by the lender or by the Court. Everyone needs to understand the importance of this issue. When a lender can’t produce the original note, allowing a foreclosure to proceed puts the homeowner at risk of owing that debt again to another party in the future. Therefore, great caution must be taken before a judge can allow someone who can’t produce the original note to cash in on your home. What if Your Lender CAN’T Produce the Note? So, what happens when the lender tells the Court it can’t ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention