Produce the Note!
Posted by The Interest on February 27, 2009
As seen on Good Morning America and from Consumer Warning Network.
It is stated in this video that this “product the note” tactic is only a delay tactic until the bank can produce the electronic copy of the note. And there’s the next step. The bank must show the actual physical contract (sheet of paper) that you signed. An electronic print of that contract is not the actual contract. Is it a facsimile. (Or on its face it “appears” similar.) Since the facsimile is not the document you signed, just say you don’t recognize that document. If needed, get forensics to verify that this is not the original note.
Why would GMA tell people they can do this? Because they know that banks will eventually produce the electronic copy of the note. Will they produce the physical, real, contract? Probably not. Thus, the assumption by GMA that these people will eventually either pay or be removed from their property.
NPR: Banks Refusing To Take Back Foreclosed Properties | Where's The Interest? said,
[...] with a previous post on how to claim your property it appears there are those people who don’t want their [...]
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