Homeowners Say “Produce the Note”

Apparently those three little words are enough to delay the foreclosure of your home by banks. ABC News reports that homeowners on the brink of foreclosure and eviction have managed to get themselves more time by filing a paper that requires their mortgage holding bank to show them a copy of the note they signed.

Part of the banking and mortgage calamity is a result of mortgage companies and banks selling then reselling homeowner mortgages. Along the way, banks often lose track of the original paperwork. If a homeowner files a Request for Production of Documents form in court, judges will often side with the homeowner during foreclosure proceedings and require the lender to show a copy of the note before they can continue.

This delay tactic is being used by many homeowners across the country to help save their homes and allow them more time to gather the money they need or find a new job. With nearly 9,000 foreclosure filings per day, this tactical delay often forces banks to find the original paperwork–a process that can take months–to prove that the foreclosing lender owns the note, and that the homeowner owes the debt.

Consumer Warning Network
is a grassroots group that offers advice and information for homeowners at risk of foreclosure and “Produce the Note” tactics. [MWRO found their site to be down as of this posting, perhaps their server was overloaded.] Additional information can be found at Associated Content.

Don’t allow lenders to carry out an improper foreclosure on your home! They count on people to not understand the process and to give up. Know your rights and fight on!

1 Comment on "Homeowners Say “Produce the Note”"

  1. Nice post. I like the part about produce-the-note. I live in Tampa and know one person he helped, and it actually worked. This site has all the videos they have done. Watch all the videos here:


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