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View Diary: "Produce the Note" (12 comments)

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  •  State Dependent (1+ / 0-)
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    In California, the "produce the note" movement hasn't been tested or tried because most foreclosures are non-judicial, i.e. no court involvement at all.  It's just a sale on the courthouse steps and there is no requirement that the person (trustee) conducting the sale have the original note in his or her possession prior to doing so.  All that is required is that they have been duly named trustee of the rights of whoevever does have the right to the note.

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