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Fighting Foreclosure of a HELOC?

arkovich_law-narrowLenders will often try to get a note and mortgage into evidence with a simple endorsement in blank of the promissory note.  This can be defeated.

The mortgage is the issue.

A mortgage follows a “note” but a mortgage does not follow a non-negotiable instrument. Since Florida Statutes Ch. 673 does not apply, the transfer of the mortgage is governed by chapter 679, which requires a written assignment. The attempted transfer of the non-negotiable instrument should be ignored.

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