• Produce The Note

    What is Produce The Note?
    Produce the note is a phrase that refers to a strategy available to throw a monkey wrench into a foreclosure procedure.
    This 'foreclosure trick' has been in the news lately and is picking up steam as an easy way to keep your home for an extra couple of weeks or months.

    How Does It Work?
    When a home is being foreclosed on, there is a hearing before a sales date is set where the lender and home owner can appear to plead their cases.
    It is at this hearing that the home owner can request that the lender 'produce the note' meaning that the lender has to produce the original mortgage note with the home owners signature and often they can't.
    What does it do?
    Basically it just stalls the foreclosure process until the lender can come up with the original note or an adequate substitute.
    But this can take weeks or months since home loans are typically sold multiple times before they get to the lender foreclosing on your property.