Monday, November 19, 2018

Assignor’s Loss of a Mortgage Note Does Not Preclude Foreclosure by an Assignee

Investors Bank v. Torres, ___ N.J. Super. ___ (App. Div. 2018).  In this foreclosure case, the plaintiff bank was the assignee of a note that was secured by a mortgage.  The note, however, was allegedly lost before plaintiff took the assignment of the note and mortgage.  Plaintiff’s assignor signed a “lost note affidavit” certifying that […]

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