Friday, December 2, 2011

Lost Notes Are Making It Difficult For Banks to Foreclose

It has been a while since I posted to this blog. I have been busy with work, my main blog and all of the other noise. I posted something to my main blog,, that I know is very important so I want to share it anywhere I can. The blog post discusses the new front on defending foreclosure cases, especially when there is a lost note. In a lot of the cases we handle, the bank/lender/plaintiff in the foreclosure lawsuit includes a claim for a lost note. With that type of count, comes a higher burden for the bank to prove and foreclose on the homeowner because of standing issues related to proving the chain of title to the lost Note. In many instances, that higher burden is expensive and difficult to meet. I think this new line of attack will be very helpful to Florida homeowners struggle in this "recovery." I urge you to read the article. Happy Holidays!