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How To Buy Some Time In Foreclosure – Ask For The Mortgage Note

by TaxMama on February 25, 2009

If you are facing foreclosure, one tactic you may wish to consider is to ask the Lender to produce your mortgage note.

Paperwork by Kozumel on Flickr

Over the last few years, mortgages were sold from one firm to another, sometimes many times, and the original documentation may have gotten lost in the process.  If you can persuade the Judge to halt proceedings until the Lender can prove they actually own the mortgage then you can buy valuable time in some cases, up to a year.

Google “Produce the Note” to read more.

Submitted by Jordanna Fineberg

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