The Home Equity Theft Reporter: One Florida Trial Court Gets It Right; Says Bankster Has No Standing To Foreclose Merely By Reason Of Note & Mortgage Ownership By Its Wholly-Owned Sub

Posted on by Jim The Home Equity Theft Reporter: One Florida Trial Court Gets It Right; Says Bankster Has No Standing To Foreclose Merely By Reason Of Note & Mortgage Ownership By Its Wholly-Owned Sub

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The Home Equity Theft Reporter: One Florida Trial Court Gets It Right; Says Bankster Has No Standing To Foreclose Merely By Reason Of Note & Mortgage Ownership By Its Wholly-Owned Sub West Perrine FHA Loans

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See Stone v. BankUnited, 115 So. 3d 411, 413 (Fla. 2d DCA 2013) (" ‘Because a promissory note is a negotiable instrument and because a mortgage provides the security for the repayment of the note, the person having standing to foreclose a note secured by a mortgage may be either the holder of the note or a nonholder in possession of the note.

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