Lawyers, homeowners and advocates have outlined a new strategy to those in danger of losing their home to foreclosure in which the homeowner requests the original mortgage document underwritten by the bank. Named "produce-the-note," this strategy is tended to buy the homeowner more time before bank repossession.The Associated Press: Homeowners' rallying cry: Produce the note (February 18, 2009)
Can a person switch to interest only payments on their mortgage if it is impossible to make regular mortgage payments?(1 Answer)
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Only with the approval of the mortgage company or bank that owns the mortgage. First, ask them to produce the note to make sure they actually still own ...
What other instruments sound like a saxophone?(0 Answers)
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No answers yet.
Will the US move back to the Gold Standard?(1 Answer)
A:
The Federal Reserve would NEVER let that happen. The Fed abolished the 'Gold Standard', making 'paper note' money (what they produce, supply and control) the only legal tender ...
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Produce the Note
Request the original loan documents
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2008
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President Obama will unveil a plan to spend at least $50 billion to help homeowners fend off foreclosure
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Tampa lawyer Chris Hoyer has promoted the produce-the-note strategy
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