Is the Note Endorsed, Indorsed or Allonged? Probably none of the above…

If you have been served a Foreclosure Complaint or have been foreclosed on in the past, DON’T GIVE UP!

Chances are, because of the Nature of Securitization, that your foreclosure is being prepared and executed by the WRONG PARTY IN INTEREST.

Get a Mortgage Audit to find out the real FACTS, and not the purported allegations that the Plaintiff’s attorney is attempting to pass off to the Court as the truth.

IF A MORTGAGE HAS EVER CHANGED HANDS, BEEN SOLD OR TRANSFERRED IF MUST BE RECORDED IN THE LOCAL COUNTY PROPERTY RECORDS TO BE VALID.

Thats right, a mortgage cannot be assigned electronically, or even back-dated or assigned after the fact.

Quite simply, a Mortgage is never sold, it’s the Promissory Note that is sold, for valuable consideration, and this Note must be endorsed like a Cashier’s Check being cashed a bank. The endorsement must be “paid to the order” of the party, or company, that is buying it, and then and ONLY THEN, can they record a Mortgage Assignment in the local county records.

The Assignment of Mortgage is merely Public Record of the changing of hands of a Promissory Note, the debt, and without such a Record there can be NO FORECLOSURE or repossession of someones home, whether or not there is evidence of a Default.

Got It? :p It’s actually not very complicated at all.