Fight Foreclosure: Make ‘Em Produce The Note!

by Dave on October 15, 2009

One of the last ways you can fight foreclosure is to make them produce the note. In many cases the note is sitting in a warehouse somewhere and nobody knows or cares where it is.

{ 25 comments… read them below or add one }

Anonymous 10.15.09 at 1:36 am

UniversalRescue (dot) com can help you if you are facing foreclosure.

Anonymous 10.15.09 at 1:36 am

HOW can I get my bank to Foreclose on me?

I WANT them to Foreclose but cannot get them to.

Any thoughts?

Anonymous 10.15.09 at 1:36 am

the stupid fucks can wake up all they want but its too fucking late now

Anonymous 10.15.09 at 1:36 am

“If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” - Thomas Jefferson

The American people forgot to regulate their government

now look

Anonymous 10.15.09 at 1:36 am

What happened to my Country?

Anonymous 10.15.09 at 1:36 am

“bad deal” I dont think so. Investors are making profit as we speak or watch this damn video.

Anonymous 10.15.09 at 1:36 am

What? I know I didn’t get the Last Word in on Moniequa!

Anonymous 10.15.09 at 1:36 am

Yes, I agree, not all foreclosures are the same but if GM or Chrysler workers were to borrow and spend responsibly I still think they can keep their homes. They can use their unemployment money and their working spouses’ incomes to pay their mortgages. People get into trouble when they spend every dam of their incomes to pay the mortgages and the minute they get laid off, they lose their homes. That is why it is very important to borrow sensibly. I don’t know what else to say.

Anonymous 10.15.09 at 1:36 am

moni-I saw the same thing and I resented it too, however, I can’t see putting everyone who is going into foreclosure into one group. It just doesn’t work that way, there are many different situations. I never thought I’d see GM and Chrysler go bankrupt in my life time, not that I support the direction that they embraced, I was a big EV-1 fan, and both these companies could have developed alternative fuel vehicles, but closing dealerships and plants in this case results in more foreclosures.

Anonymous 10.15.09 at 1:36 am

jskaggs-I agree, what I found very interesting about TARP was “Hank Paulsen former Goldman Sachs, helping Goldman Sachs. Not too shabby. It was the Wall Street shark dishing out the cash to his fellows sharks. What is also very upsetting is the cost to produce the 700 billion, that we are going to have to pay the Federal Reserve as interest on the loan to issue that currency. We’ve BEEN robbed by the greed that is prevalent in our Government ,banking community and major corporations.

Anonymous 10.15.09 at 1:36 am

Wall Street should go down too. I, as well as most Americans didn’t want TARP. But Congress has it’s own agenda. They are traitors. It’s not fair the taxpayers were robbed by the insurance companies and banks.

Anonymous 10.15.09 at 1:36 am

That is the more reason not to buy a house when you don’t have any money. When I was looking for a house during the bubble, which I’m glad I didn’t buy one, all I could see were poor people who got these big jumbo loans bidding and competing against me. Now I’m glad they’re being foreclosed. Next unemployment and inflation keep on spending.

Anonymous 10.15.09 at 1:36 am

I think you just contradicted yourself, but that’s an observation. Just to note, JP Morgan can have to government write them a check for $25 billion, why is that OK? They are refusing to use that money for its intended purpose, how is that OK? Like I have posted in other comments, its not a hand out, it’s a hand up. Even with a fixed mortgage, you can still pay more, local taxes have been increasing due to the budget strains brought on by the economic situation.

Anonymous 10.15.09 at 1:36 am

My rules apply to banks, auto industry and the greedy, artificial-keep-up-with-the-Jones idiots who help fueling this economic inferno. You know what? I’m not going to say anything anymore because obviously people think reckless spending is ok. So please borrow and spend, if you can’t pay your government will pay more it. Hell our government bailouts banks and auto why not individuals too.

Anonymous 10.15.09 at 1:36 am

monique-I guess these rules of yours don’t apply to the banking community or the auto industry?
No it wouldn’t have happened if the deregulation didn’t change.

Anonymous 10.15.09 at 1:36 am

AMEN

Anonymous 10.15.09 at 1:36 am

AMEN!

Anonymous 10.15.09 at 1:36 am

I know a court that is requiring the original note. And it only makes sense that if the person attempting to foreclose on you IS NOT on the recorded note in the court house they would have to produce the original to prove they purchased your mortgage. Otherwise anybody could foreclose on anybody.

Anonymous 10.15.09 at 1:36 am

Bottom line is ,losing somebodys personal original loan documents is irresponsible! They had a choice to. So eat it!

Anonymous 10.15.09 at 1:36 am

Do you realize alot of these people did not understand their adjustable rate loans because they were deliberatley misrepresented? Should they have been better informed? Yes. Should they pay for their ignorance of financing practices and trusting their lender not to rape them by losing their homes? NO!

Anonymous 10.15.09 at 1:36 am

Because we cannot predict our future that is why we need to save. We don’t borrow recklessly and when we lose our jobs we ask for government’s handouts. The equation of this economic disaster couldn’t have been accomplished without the help of the mass borrowers. Remove the borrow and the reaction of economic catastrophe will not complete.

Anonymous 10.15.09 at 1:36 am

Lowelisamarie, I’m ignorant because I hold people responsible for their own action. People have control over their spending and borrowing habit. They over borrow that is why couldn’t make their mortgage payment. I’m not going to let this one go because those stupid parasites have a choice of not borrowing to buy home they can’t afford. You’re an idiot if you don’t see that people have a choice. They don’t have to borrow beyond their ability to pay back.

Anonymous 10.15.09 at 1:36 am

Moniequa you really are ignorant. Chris Hoyer is an educated, compassionate man, who knows alot more than you do. Most of all the housing delimma is directly due to unregulated, preditory lending practices. Surley you dont believe that all of a sudden 27% of the population just woke up one morning and said, “well, despite working hard all my life to support my family and look out for their future, I think I’ll stop paying my mortgage and try to fight foreclosure”

Anonymous 10.15.09 at 1:36 am

So, did the lender ‘produce the note’ or not?

Anonymous 10.15.09 at 1:36 am

And even with TARP many banks aren’t lending hence the credit crunch in the auto sector. Or companies can’t borrow meet payroll deficits. And you feel that the changes that were implemented BY the banks FOR the banks didn’t hurt them and cause this crisis? If they had that buffer, then they wouldn’t need TARP.

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>