When a bank forecloses on a person’s house and it is a different bank than the one the person signed the promissory note with, the new bank claims that their physical possession of the note that says, “Endorsement (in blank, meaning to no one),” but signed by the bank who originated the note proves that the new bank now owns the note. An endorsement in blank means whomever has the note in their hand owns it. But it has to be the original note. It’s like finding a signed check that is made out to no one. Whoever possesses it can cash it. So the trick is to get your hands on as many of these notes as possible. Especially if the note is for your own house.  So search for these notes. Walk through the bank and or the lawyer’s offices of the people foreclosing on you and grab the note off their desk or in their filing cabinet or anywhere else you can find it. In fact, when the Bank files the original note with the clerk’s office anyone who takes it out of the file is now the owner of the note.  It won’t be considered a theft since the endorsement is blank. You can legally say: Finders keepers, losers weepers.

Another neat trick to try is when the Bank’s attorney is getting ready to introduce the blank endorsed note into evidence is for you ask to take a look at it (which you are always allowed to do to make sure it is what the other side is claiming it is), and then once you have it in your hand don’t give it back. Then say, “Gotcha!” Because now you own the note and they can no longer foreclose on your home.

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