On Wed, Feb 25, 2009 at 10:46 PM, Tom Wilson <[log in to unmask]> wrote:

> I saw a story on ABC News this evening which I thought had interesting
> records management ties.  I'm not taking a position on the tactic, but
> here's how the story goes.  They quoted a statistic of about 250,000 new
> foreclosures last month.  Then they describe a tactic many homeowners are
> using to stall the foreclosure.  It doesn't sound iron-clad, but the
> mortgagee sends a letter to the party attempting foreclosure and requests
> that they produce the note.
>

Fox News Channel the other day interviewed former judge Napolitano about
this particular issue and explained that it is more a delaying tactic and
that the bank doing the foreclosure is serving (IIRC) as the agent and has
the right to foreclose.

-- 
Peter Kurilecz CRM CA
[log in to unmask]
Richmond, Va
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