Blog Bite: Can A Promissory Note Holding Mortgagee Commence Foreclosure Action?

This article United States: Clarifying The Legal Landscape; The Connecticut Supreme Court Strikes A Blow To Foreclosure Standing Claims discusses the Wisconsin case RMS Residential Properties, LLC v Anna M. Miller in which the court decided that possession of a promissory note raises a rebuttable presumption that the holder of the note is the owner of the debt evidenced by a mortgage, and able to commence a foreclosure action on the mortgage.

For more details reagarding this case and foreclosure standing claims, click the link above.

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Written by Chris.