Clearing the Confusion: Misplaced Notes and Allonges

, New York Law Journal


In their Financing column, DLA Piper's Jeffrey B. Steiner, Jason R. Goldstein and Joshua Sohn write: Defendants in foreclosure proceedings often challenge the lenders' standing to enforce a promissory note, demanding that lenders demonstrate physical possession of the note to initiate a foreclosure despite the fact that physical possession is not required by the law.

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