Homeowners to Lenders: "Show me the note" - Stalling foreclosure

Some homeowners, with a little help from their lawyers, have been able to hang on to their homes for a little longer stalling foreclosure and giving them more time.  How is that possible?  Some banks were unable to produce the original paperwork signed by the homeowner, because mortgages were sold, rebundled, and sold again.  

Link to article:

 

http://www.google.com/hostednews/ap/article/ALeqM5hLOuvy9fguykC2NydTDrkqqyybvQD96DHN5G0

Jared Hammond

Jared Hammond

Real Estate Associate & Property Manager
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