{"id":696,"date":"2010-11-30T21:32:00","date_gmt":"2010-11-30T21:32:00","guid":{"rendered":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/?p=696"},"modified":"2023-12-21T17:17:16","modified_gmt":"2023-12-21T17:17:16","slug":"no-standing-to-foreclose-without-proof-of-physical-possession-of-the-note-at-the-time-the-foreclosure-claim-was-brought","status":"publish","type":"post","link":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/2010\/11\/30\/no-standing-to-foreclose-without-proof-of-physical-possession-of-the-note-at-the-time-the-foreclosure-claim-was-brought\/","title":{"rendered":"No standing to foreclose without proof of physical possession of the note at the time the foreclosure claim was brought"},"content":{"rendered":"\n<p>A New Jersey trial court has held that a lender cannot bring a foreclosure action unless it can prove standing to sue. That requires proof that it owns the note and the mortgage giving it the power to foreclose on the property to pay off the debt evidenced by the note. Physical possession of the note is required at the time the foreclosure action is filed; possession at the time of appeal was not sufficient to allow the foreclosure to go forward.\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/www.judiciary.state.nj.us\/trial_court_opinions\/BankofNY-v-Raftogianis.pdf\" class=\"mtli_attachment mtli_pdf\" target=\"_blank\">Bank of New York v. Raftogianis<\/a>, F-7356-09 (N.J. Super. Ct. Ch. Div. 2010).<\/p>\n\n\n<div class=\"taxonomy-category wp-block-post-terms\"><a href=\"https:\/\/faculty.law.harvard.edu\/joseph-singer\/category\/mortgages\/\" rel=\"tag\">Mortgages<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>A New Jersey trial court has held that a lender cannot bring a foreclosure action unless it can prove standing to sue. That requires proof that it owns the note and the mortgage giving it the power to foreclose on the property to pay off the debt evidenced by the note. Physical possession of the note is required at the time the foreclosure action is filed; possession at the time of appeal was not sufficient to allow the foreclosure to go forward.\u00a0Bank of New York v. Raftogianis, F-7356-09 (N.J. Super. Ct. Ch. Div. 2010).<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[34],"tags":[],"class_list":["post-696","post","type-post","status-publish","format-standard","hentry","category-mortgages"],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"jsinger","author_link":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/author\/jsinger\/"},"_links":{"self":[{"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/posts\/696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/comments?post=696"}],"version-history":[{"count":0,"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/posts\/696\/revisions"}],"wp:attachment":[{"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/media?parent=696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/categories?post=696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/tags?post=696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}