The entire purpose of the recording statute is to give notice to subsequent lenders and purchasers. Recording the lien does not validate it, it only perfects it against other third parties. So, if a lender fails to record its mortgage and a subsequent lender then lends money against the same property and records it mortgage, the second lender holds the superior position because the first lender failed to give notice of its lien.
The original borrower, however, was always fully aware of the mortgage. Actual notice always supersedes the recorded notice.
Thanks for backing up what I said.
Spectacular Appellate Brief on Indorsement, Assignment, Standing, and MERS. From Florida’s own: George Gingo, Esq.
It has always been trendy to bash attorneys.
This fella could make a lot more money in a different area of practice...but chooses to do this instead.
David vs. Goliath
In this case David has a little help from Attorney Gingo!
http://livinglies.files.wordpress.com/2010/05/5-27-10-first-franklin-appeal-george-gingo.pdf
http://www.foreclosurehamlet.org