[Buckeye McFrog]

Same situation exists in the mortgage market. They thought that moving from paper to virtual would be easy. Not so much. Odds are if you’re foreclosed on and call their bluff the lender can’t produce the note.

This is the way the law has been since our founding. It’s the fault of these lenders for their sloppy paperwork handling.

[RedStateRocker]

I do document Imaging.

I’ve seen lower bid companies try to do the work. Not pretty.

[mrsmith]

Ah. "The wonders of the paperless office!"... and they saved all those trees!

[bert]

-—the lender can’t produce the note-—

that is.....the lender can’t produce the note

bears repeating
the lender can’t produce the note
the lender can’t produce the note

no note, no loan
no loan, no obligation to pay