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Produce The Note Strategy To Stop Foreclosure Has A Fan In House of Rep. Member Marcy Kaptur

If your efforts with the lender to approve a loan modification are failing the “Produce The Note” strategy may be next best way to fight back.

If the lender is giving you grief use three little words to fight foreclosure… (video below)

If you are getting frustrated in dealing with your mortgage company or their servicing company and you need to buy some more time if the NOD has been filed, there is a little known method an attorney has shared with the public that delays the foreclosure proceedings.

It involves using three little words, namely, “produce the note,” to your lender or loan servicer. Asking them to “produce the note,” requires the lender to prove it has the actual authority to foreclose, by requiring it to officially produce the original promissory note in the lawsuit.

If you live in a “nonjudicial foreclosure” state, such as California, Texas, or the thirty or more other states with similar procedures, you can still use this strategy. The homeowner has to file a lawsuit against the party trying to foreclose.

Recently, House of Representatives member from Ohio, Marcy Kaptur was taped on the house floor recommending this tactic as a last ditch strategy to stop a foreclosure. You can see the clip in this post

For more details on the “Produce The Note’ Strategy watch the video below

News Article

Read how this method worked for a borrower:

Homeowner gets more than a loan modification from HSBC as judge wipes out the mortgage

Discover another program that immediately stops a home from going to foreclosure. Homeowners have used this strategy when their mortgage company refused to modify their loan.

You can check out the details here
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Before completing and sending in a loan modification package, you may want to obtain some coaching to combat the stall tactics banks/servicers are using to cut to the front of the line of other applications and get approved faster

Click here to get proven help with your home loan modification

Homeowners – Need Some Sound Advice?

Get Out of Debt Workbook
Seasoned debt expert shares several little known but highly effective techniques guaranteed to get you out of debt fast – no matter how much you currently owe.
Stop Foreclosure
Get more help on fighting to stop a foreclosure with one of 7 options. For example, if a loan modification is not an option learn about a little-known government program that will stop a foreclosure in less than a day without an expensive attorney.

Also get the latest foreclosure news around the country, read Q&As and other resources.

Legally Restore Your Credit
If you are visiting this blog, you likely have mortgage lates, which are a big blemish on your credit report. Once you resolve your mortgage situation, you can legally remove those mortgage lates and all derogatory credit from your report without having to hire an expensive attorney or credit repair service.

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Related posts:

  1. Loan Modification Worst Approval Rate By Bank JP Morgan Chase Says Rep. Marcy Kaptur

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