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 Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00408
Format:
Word;
Rich Text
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Creating a lost note affidavit is an essential process for protecting the legal rights of all involved in a promissory note transaction. 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. Title Insurance real estate forms archive containing over 300 forms in MS Word and Adobe acrobat format. The good news is that New York law allows lenders to foreclose under certain conditions even when the note has been lost.