Assignee of TD Need Not Have Possession of Promissory Note in Order to Foreclose
Plaintiff was the borrow under a deed of trust (TD). The TD was transferred to Defendant, and Defendant want through non-judicial foreclosure. Plaintiff sued Defendant to quiet title, because Defendant did not have possession of the promissory note. Held: Assignee of the TD need not have possession of the promissory note in order to proceed with nonjudicial foreclosure.
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I am a litigation lawyer, licensed to practice law in the State of California. You can reach me by phone at (310) 286-2000.
I am a litigation lawyer, licensed to practice law in the State of California. You can reach me by phone at (310) 286-2000.
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