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Home / Opinion Digests / Foreclosure Can Proceed on Assigned Note (access required)

Foreclosure Can Proceed on Assigned Note (access required)

A defaulting homeowner cannot resist foreclosure on his home by challenging defendant bank’s standing to foreclose, as Virginia is a non-judicial foreclosure state, says an Alexandria U.S. District Court. In 2004, plaintiff executed a promissory note for $379,000, which was assigned by the original lender, Delta Funding, to defendant Wells Fargo. The note was secured by ...

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