13 Comments

  1. Every state has a default interest rate in cases where a note cannot be produced (as there in only 1 original and they do become lost). If lenders just made the policy of attaching a copy of the note to the original recordable mortgage as an exhibit, this entire mess would never come up. The produce the note campaign wont stop a foreclosure in most states, it will simply delay the lender from taking possession after a foreclosure has occured in an eviction proceeding. It would work better in judicial foreclosure states, but states that use advertisement, it wont do much for the pro se types.

  2. I’m sure this can help people out if the lender has filed for foreclosure, but what if the lender has already gotten a sale date from the court. For example, i only have 20 days before my house if foreclosed. Can “produce the note” help me out?

  3. I’m sure this sounds “good” to those who are being forclosed on but what about the rest of us? Why can’t I ask my bank to “Produce the Note” and suspend paying my mortgage until they can produce it? Imagine not having to make a payment for 6 months or longer. Then if they can produce it, have Obamba and the boys pay it.

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