Show Me The Note

Who owns your mortgage? I’ve asked this question before, http://pulse.ncpolicywatch.org/?author=52, and have been pleased to note that local media are asking it too. Today’s News and Observer picked up an AP article, http://www.newsobserver.com/business/story/1409682.html, describing one woman’s efforts to keep her home by asking the court to require that the foreclosing entity prove they own her debt. The foreclosing entity featured in the story hasn’t been able to provide that proof, so the woman in the story remains in her home for now.

There is a local angle on this story; homeowners in North Carolina are raising this defense in their foreclosure hearings. I encourage local media to continue to shine a spotlight on the glaring problem of note ownership in the North Carolina foreclosure process. Coverage will help homeowners and their attorneys educate the clerks of court and superior court judges who hear foreclosure cases.

Hopefully we’ll see the last of entities with insufficient proof of ownership foreclosing on beleaguered homeowners.

4 Comments

  1. Show Me The Note

    February 18, 2009 at 6:58 pm

    [...] Random Feed wrote an interesting post today onHere’s a quick excerptWho owns your mortgage? I’ve asked this question before, http://pulse.ncpolicywatch.org/?author=52, and have been pleased to note that local media are asking it too. Today’s News and Observer picked up an AP article, http://www.newsobserver.com/business/story/1409682.html, describing one woman’s efforts to keep her home by asking the court to require that the foreclosing entity prove they own her debt. The foreclosing entity featured in the story hasn’t been able to provide that proof, so the w [...]

  2. Dallas Woodhouse

    February 18, 2009 at 11:06 pm

    Should some person be able to keep a house, without paying the bills?

  3. Kate

    February 19, 2009 at 9:18 am

    Dallas – the question is, paying the bills to whom??? If I know that my next door neighbor isn’t paying the bills on his house, am I entitled to go next door and say, “Hey, I heard you’re not paying the bills, pay up to me?” No, I’m not, because I don’t own his house. The same principal applies…

  4. SUFE

    April 15, 2010 at 8:14 pm

    I ASKED TO MY BANK ABOUT THE NOTE IN MY ANSWER OF THE SUMMON OF FORECLOSURE ,BUT THEY ARE TRYING TO CHANGE THE DIRECTION AND FILED A MOTION FOR SUMMARY JUDGEMENT. WHAT SHOULD I DO NOW? OR HOW CAN I PROOF THAT BANK DOESN’T HAVE A RIGHT TO FORECLOSE MY HOUSE?