Produce The Note For Non-Judicial States
By admin at 24 November, 2009, 9:51 pm
In judicial states, foreclosure cases are handled by the courts and overseen by a judge. Therefore each foreclosure is seen as a lawsuit. In these states, using the ‘produce the note’ strategy is a fairly simple and straightforward approach. However, in some states such as California, foreclosures are handled without involvement by the court system
When lenders act outside of the court system, homeowners may find themselves up against more obstacles. Filing a complaint in this case is not easy. You cannot force the lender to produce the note on your own. Your only option is to file a lawsuit against the lender.
This lawsuit will ask the courts to intervene and prevent the foreclosure from happening until the lender is able to produce the original promissory note.
The cost of hiring an attorney for this purpose ranges anywhere from $2000 to $5000, and that only includes preparation and serving the papers. It doesn’t include the cost of actually going to court.
You do have the ability to file a lawsuit on your own. However, to properly file a lawsuit containing all of the correct civil codes is no easy task. If you have no legal background, likely you will find this process excruciatingly slow and complicated.
That’s where this website comes in! We can do the research, file the paperwork, and serve the lender for you. All for much, much lower than you would pay for an attorney.
A+ would read again