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Real Estate & Property Law

: The Home Equity Theft Reporter

Failure To Produce The Note No Problem, Says New Jersey Trial Court

By r morris

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In Bergen County, New Jersey, Mondaq reports ("footnote 1" appears in the original text of the story):In contrast to other recent well-publicized decisions, a New Jersey state court has held that, in order to seek foreclosure of a mortgage that has been securitized, a lender need not demonstrate actual physical possession of the note memorializing the underlying debt. In Bank of America, NA v.

Full post as published by The Home Equity Theft Reporter on January 25, 2011 (boomark / email).

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