I was on the nationwide overnight radio show, Coast to Coast AM, last week to talk about the real estate crisis. The topic of foreclosures naturally came up, and I told people to make sure you ask the judge in the foreclosure proceeding to force the bank to “produce the note.” That is the legal document called a promissory note that someone signs for the loan for a certain property. I got several email inquiries about this subject from people like Nick who said, “I just started foreclosure Feb 2010. My loan is with Citimortgage. Where can I see or how can I get the information you said on Coast to Coast AM about going to foreclosure court and having them produce what document. The original loan was thru a different company. Any information you could provide would be greatly appreciated.”
I simply ran out of time for a proper explanation because my segment on C to C AM was ending. Please check the video below for what the banks do not want you to know. It is a story I did called “Produce the Note” that originally aired on CNN in June 2008.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.