A summary of arguements that your mortgage promissory note secured by a deed of trust is not negotiable. Our real property law is steeped in tradition as to the sale and transfer thereof, which requires more than a mere "assignment" of the promissory note by way of a rubber stamp at the end, or even an "allonge."
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Federal, 9th Circuit, California |
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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