produce the note: "Produce the Note" Strategy - Any Success Stories?
- 11/10/09 09:51 AM
Last month, I posted a blog entry questioning the practicality of the "Produce the Note" strategy for stopping or delaying foreclosure in non-judicial foreclosure states like Washington, Oregon, and California. Since that time, people have contacted me and explain why, in theory, the stategy should work. I already knew the theory, I just hadn't seen significant positive results.The “Produce the Note” strategy requires the lender to prove it has the actual authority to foreclose, by requiring it to produce the original promissory note. Many mortgages were sold off to other lenders or servicers or sliced up and sold to investors as … (4 comments)
produce the note: Can the “Produce the Note” Strategy Really Stop Foreclosure?
- 10/06/09 07:02 AM
It's the Internet age, and more and more homeowners are searching the Internet to find out how they can save their home if they’re in foreclosure. One strategy I’ve been asked about several times is the “Produce the Note” strategy. Some articles have been written that have led many homeowners to believe that this strategy is the “silver bullet” to delay or stop foreclosure, or even get your mortgage wiped out completely so you own your house free and clear. The “Produce the Note” strategy requires the lender to prove it has the actual authority to foreclose, by requiring it to produce … (11 comments)
Last month, I posted a blog entry questioning the practicality of the "Produce the Note" strategy for stopping or delaying foreclosure in non-judicial foreclosure states like Washington, Oregon, and California. Since that time, people have contacted me and explain why, in theory, the stategy should work. I already knew the theory, I just hadn't seen significant positive results.The “Produce the Note” strategy requires the lender to prove it has the actual authority to foreclose, by requiring it to produce the original promissory note. Many mortgages were sold off to other lenders or servicers or sliced up and sold to investors as … (4 comments)
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