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Home / Opinion Digests / Note Holder Can Foreclose in Va. on Securitized Loan (access required)

Note Holder Can Foreclose in Va. on Securitized Loan (access required)

A Virginia mortgage borrower cannot challenge a note holder’s foreclosure, by substitute trustee, on the borrower’s Woodbridge property on a theory that only the original lender has authority to foreclose; the 4th Circuit says the Virginia legislature has given parties free rein to assign and transfer notes and the deeds of trust accompanying them. On Oct. ...