Awhile back, I was alerted by a past client of a video posted on CNN titled, "Lenders Must Produce The Note." The video speaks to the current arena of home mortgages, where troubled homeowners are often twarted in their efforts to negotiate with their lenders to avoid foreclosure. Because so many mortgages were bundled, packaged and sold as derivatives on Wall Street, actually finding the entity that has your note can sometimes become difficult. There is only one original note for your mortgage that has your signature on it. This document proves you owe the debt and they should know WHO OWNS THE NOTE?
According to the video, knowing three words, "Produce the Note" can delay foreclosure and create negotiating space. Here's a link to the video and a couple links to articles relative to the topic.
Who Owns Your Mortgage:
If nobody owns your mortgage note then you are in luck Lance Wiggs says you are in luck: