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Originally Posted by netwrkranger
...is that the bank failed to produce the note (promissory). I smell hints of contract law, UCC, negotiable instruments law, and court procedures. Also note the trust relationship involved in a mortgage.
What struck me from the article was how a lawyer from the article says that requesting banks to produce the note is "a waste of time". I wonder how that is ?
Perhaps this can offer insight on how an individual can protect themselves against foreclosure in an equity court?
Regards,
netwrkranger
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At the end of the article, another lawyer, most likely a consumer advocate attorney, expressed concern over how the banks were regularly not showing up with the note! The point being that too many times the lack of the note not being challenged resulted in cases being pushed thru the courts.
This is a fantastic counter punch until the PTB revise the UCC allowing a lesser standard of proof.