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Verminius Rex

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interesting... [Feb. 24th, 2009|04:45 pm]
Verminius Rex
Watching a little news blurb online, one way to delay a home foreclosure is to demand to see the note that proves that the mortgage company is owed the money. With so many trades and mortgages being bought in bulk, the companies often don't know where the paperwork is, so saying "Produce the note" can apparently delay some foreclosures, since the companies are going to go after easier pickings first. Lawyers say that it's a good stalling tactic that may work to get finances in order, but eventually they usually find an electronic copy that is accepted in court.

I feel for the people in a bad spot right now.

(Deleted comment)
[User Picture]From: verminiusrex
2009-02-25 01:17 am (UTC)
Excellent ending.
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[User Picture]From: mckitterick
2009-02-25 05:56 pm (UTC)
Wow! I can't imagine a better end to the story.

VR, I'm going to pass on this advice. Thanks.
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