http://www.theyeshivaworld.com/news/general/37579/facing-foreclosure-ask-bank-to-produce-the-note.html Fri, 24 Jul 2015 17:26:55 +0000 hourly 1 http://wordpress.org/?v=3.7.9 http://www.theyeshivaworld.com/news/general/37579/facing-foreclosure-ask-bank-to-produce-the-note.html#comment-143193 Wed, 29 Jul 2009 18:52:20 +0000 http://www.theyeshivaworld.com/?p=37579#comment-143193 The note is not available because it is traded on the open market, thereby making the foreclosures technically illegal. Furthermore, the note stipulates full payment to the bank from the buyer! Then the bank goes ahead and collects monthly payments for 25 years! A winning combination isn’t it?

]]> http://www.theyeshivaworld.com/news/general/37579/facing-foreclosure-ask-bank-to-produce-the-note.html#comment-143149 Wed, 29 Jul 2009 15:22:34 +0000 http://www.theyeshivaworld.com/?p=37579#comment-143149 Just a question: If you know someone is an owner, as evidenced by sending payments, but that owner does not have paper proof they are the owner, do they cease being the owner and the payee is free from paying?

]]> http://www.theyeshivaworld.com/news/general/37579/facing-foreclosure-ask-bank-to-produce-the-note.html#comment-143100 Wed, 29 Jul 2009 08:12:14 +0000 http://www.theyeshivaworld.com/?p=37579#comment-143100 If the group claiming to “own” the mortgage doesn’t have the authority to negotiate, there is a chance they may lost their privileed places as secured creditors, giving more bargaining power to the party that can’t pay the mortgage (whether due to misfortune, or because they were speculating on housing prices and bet wrong).

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