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To: whitedog57
Mortgage assignment has been around a long time, but destroying the wet signature note in favor of an electronic shadow is a modern 'innovation'.

Note-destruction has led to many evils: perjury in curing the document set, note affidavits being taken out on the wrong house and foreclosure attempts on people who don't even hold mortgages (seriously).

Mortgage-payers are asking themselves: does the bank hold the note on my mortgage? Why am I paying the bank if they don't hold the note - I won't gain clear title?

The only way to resolve ownership is to go through the courts. And - of course - make sure no-one bails the fracking banks out this time.

4 posted on 11/12/2010 6:29:24 AM PST by agere_contra (...what if we won't eat the dog food?)
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To: agere_contra

The proper solution is to declare the mortgage invalid but the debt to be an unsecured claim that can only be enforced upon production of the original note.


25 posted on 11/12/2010 8:58:18 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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