Produce the Note

Show Me The Note

Latest news related only to foreclosures and trashouts

Are The Banks Ready to "Produce the Note"??

What this means is that if you are in foreclosure trouble, and the bank or lending company threatens to take your home, you can buy some time and possibly renegotiate a new mortgage (without tacked-on fees) if you ask the bank to "produce the note." Evidently, in a large number of cases, banks are having a tough time producing the promissory note since mortgages are packaged up, sold, bundled again, and re-sold and the original promissory note gets lost in the process.

Important: - Also, put a "common law lien" against your own home, then if you foreclose in the future (given the economy) after expending all eforts not to at least that lien MUST BE paid off (to you) in order for the house to be sold at all. Just found that out, you can actually receieve $250 a month for each month you lived there since you had the mortgage? and what was purchased to increase the value of you home, better then nothing too.

TrashoutPRO - "Produce the Note" Definition - you can buy some time and possibly renegotiate a new mortgage (without tacked-on fees) if you ask the bank to 'produce the note.' - www.trashoutpro.com

08/04/2010 - EXCLUSIVE FRAUD: Fannie and Freddie's Foreclosure Barons - It involved something called an "assignment of mortgage," the document that certifies who owns the property and is thus entitled to foreclose on it. Especially these days, the assignment is key evidence in a foreclosure case: - www.motherjones.com
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02/20/2010 - Mortgage Note Issues Help Debtors Avoid Foreclosure - Joe Lents hasn't made a payment on his $1.5 million mortgage since 2002. - That's when Washington Mutual Inc. first tried to foreclose on his home in Boca Raton. The Seattle-based lender failed to prove that it owned Lents' mortgage note and dropped attempts to take his house. Subsequent efforts to foreclose have stalled because no one has produced the paperwork. - www.tbo.com

09/22/2009 - "Show Me The Note": Borrowers Buy Time By Demanding To Know Who Owns Their Mortgages - Who Owns Your Mortgage? "Produce The Note" Movement Helps Stall Foreclosures. Modern-day home mortgages have been so sliced and diced by rapacious financiers that some homeowners are successfully delaying -- or even blocking -- foreclosures through the simple tactic of demanding that banks produce the original mortgage note, which amazingly enough is often not so easy for them to do. - www.huffingtonpost.org Read More: Quiet Title

08/31/2009 - A 'Little Judge' Who Rejects Foreclosures, Brooklyn Style - Every week, the nation's mightiest banks come to his court seeking to take the homes of New Yorkers who cannot pay their mortgages. - www.nytimes.org

08/06/2009 - Don't Leave Your Homes Stay Put!! - There are a lot of houses in foreclosure where: 1. The paperwork can't be found 2. No one is able to figure out who actually owns the loan ... - www.youtube.com