The current law on mortgage recording provides a system ...
The more severe problem concerns authority to foreclose the mortgage. Recent cases illustrate these problems. In Bank of America v. Alvarado, BER-F-47941-08, the note underlying the mortgage was “lost”. In Bank of New York v. Raftogianis, ATL-F-7356-09, the note was endorsed in blank so that ownership of the note turned on its possession. ................
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