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 New York
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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. If a lender produces a lost note affidavit in lieu of an original note or copy thereof then borrowers may attack the lost note affidavit's validity instead.The good news is that New York law allows lenders to foreclose under certain conditions even when the note has been lost. In Wells Fargo Bank, N.A. v. These Foreclosure Forms are for All Courts that preside over Residential Foreclosure Cases. Recover lost promissory notes with ease.