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 Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00408
Format:
Word;
Rich Text
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A plaintiff must allege that it is in possession of the underlying Note in order to establish that it has standing to prosecute the action. In Wells Fargo Bank, N.A. v.Creating a lost note affidavit is an essential process for protecting the legal rights of all involved in a promissory note transaction. The note represents the promise or agreement of the homeowner. Recover lost promissory notes with ease. The issue presented at trial is whether plaintiff an assignee at least two times removed from the holder of the original note has standing to foreclose.