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Posted by Steve in CA on June 27, 2009 at 12:22:11:
In Reply to: Re: Produce the Note Strategy in CA posted by fp on June 26, 2009 at 19:01:45:
Thanks for the response. I hope I'm not being ignorant of your response, but I believe the Deed of Trust, which is recorded, is the negotiable instrument. Also, in these records it appears that a Substitution of Trustee has been recorded when the loan is sold to a new company who is collecting on the loan. Perhaps if the company trying to foreclose has not filed a Substitution of Trustee, then this strategy would work, or perhaps a Substitution of Trustee is not sufficient. What do you think?