About The new battle in foreclosures is that the banks can’t produce the note, and consequently can’t foreclose. This situation has been happening all across the nation. The fight against the banks is to demand that they produce the note before they are allowed to foreclose. Routinely, the banks can’t find the note and have no idea where it might be.
The situation here in Nevada is that Nevada is one of 24 non-judicial foreclosure states. This means that here in Nevada a trustee can order a foreclosure and a court never sees the case. However, in other non-judicial foreclosure states the courts have gotten involved and have ruled against the banks.
For more on this: http://mrforeclosure.wordpress.com/2011/02/01/who-owns-the-note/
Without a Note, Can The Banks Foreclose?
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