Show Me the Note Can Buy Baltimore Homeowners Time
A new foreclosure approach is sweeping the US, well-known as “Show Me the Note,” or “Produce the Note.” a lot of times, a lender foreclosing on a home will not readily have the original mortgage note on hand. Homeowners can request the lender to produce it, putting off the actions so that the borrower has more time and control to work out a modification or other agreement with the lender.
The Consumer Warning Network’s Terry Smiljanich came to light on FOX 13 in Tampa explaining how the “Produce the Note” tactic can aid buy homeowners time, as they battle foreclosure.
Via the “Produce the Note” line of attack will force your lender or servicer to prove they have the right to foreclose on you. If you believe you’ve been deal with wrongly, you can fight back. The Consumer Warning Network has produced templates for a legal document request, a letter to your lender and a motion to compel to help you through the process.
- Produce-The-Note Gaining Momentum
With all the talk of Helping Homeowners, much attention is being paid to the plight of those currently in foreclosure or those headed into foreclosure…. - Success Fighting Foreclosure with Produce the Note
[youtube]Z_tZmQH6Z9E&showinfo=0[/youtube] Rhode Island Attorney George Babcock is finding success using the “Produce the Note” strategy to fight foreclosure for his clients.? Mr. Babcock has used… - Homeowners say “Produce the Note” to Stop Foreclosures!
[youtube]cFu-vG51LWs&showinfo=0[/youtube] ABC Action News in Tampa interviews the Consumer Warning Network’s Chris Hoyer about “Produce the Note” and talks with homeowner Kathy Lovelace who used… - Don’t Pay for “Produce the Note” Documents
With the growing popularity of homeowners using the “Produce the Note” strategy to fight foreclosure, some rip off websites are popping up.? Beware.? Don’t fall… - Homeowners’ Rallying Cry: Produce the Note
by MITCH STACY Associated Press Correspondent ZEPHYRHILLS, Fla. (AP) — Kathy Lovelace lost her job and was about to lose her house, too. But… - Produce The Note “How-To”
Fight Foreclosure: Make ‘Em Produce The Note! Using the “produce the note” strategy is something all homeowners facing foreclosure can do. If you believe you’ve…
Posted by Carlos Sagastume on May 10, 2011. Filed under Show Me the Note.
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Wow I was shocked to hear it might take them 8 months to find the note.
I guess if the note has been sold, (very common), the assignee would probably have trouble tracing the paper trail. I wouldn’t be surprised if a lot of this was done electronically and the original notes never transferred.
Nice post. On foreclosure: I like the produce-the-note strategy. I live in Tampa and know one person he helped, and it actually worked. They did not get the entire home paid for, but they got terms adjusted to be favorable and they were able to avoid foreclosure. It really varries by situation and probably the laws of your state on how far this goes. This site has all the videos they have done. Watch all the videos here:
http://www.tinyurl.com/producenotevideo
Let me get this straight, homeowners who rightfully and knowingly have signed a contract and a legal promissory note are now blaming the banks for their unwillingness to pay back the loan. They are scamming banks by saying “show me the note.” You knowingly under your own content signed a promissory note to pay back the loan. Hence that is a legal contract, a PROMISE. Who cares where the note was sold. I don’t care if a pile of dirt owns the note, you have a legal obligation and contract to pay back the note or you should go through foreclosure. You get notice to where you need to send payment to! What a scam, you should not have the right to get a loan! You know you owe money on a loan, yet you try and intentionally deceit the lender by saying “show me the note”. Last time I checked that is fraud: intentional deception made for personal gain!
We agree with you 100%, However how about the home owners that are facing foreclosure and their bank not only lost the note, but re created the note and had a clearing house signing the homeowners name on the docks.
Remember banks still have the mortgage insured for default, and rather collect on the mortgage protection insurance as a lump sum.