This affidavit is for execution when an original promissory note has been lost. The form provides a description of the contents contained in the original note and the balance due on the note at the time the note was lost. The form must also be signed in the presence of a notary public.
Lost Note Affidavit Form Foreclosure In Arizona
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What information is required to complete a lost note affidavit? Collect the contact information of the parties involved: name, address, phone number, etc.An Affidavit of Lost Note is a legal document that can be used to confirm under oath that a Promissory Note or other lending document has been lost. Recover lost promissory notes with ease. The note represents the promise or agreement of the homeowner. Learn how the Arizona foreclosure process works, including preforeclosure steps, state foreclosure laws, and homeowner rights. In Wells Fargo Bank, N.A. v. The Uniform Commercial Code forbids foreclosure of the mortgage unless the creditor possesses the properlynegotiated original promissory note. Section 3-309 does not literally require an affidavit; rather, it provides that the. Rather than lend directly to homeowners, they purchase mortgages from the original lenders and other buyers.