Huffington Post
First Posted: 09-22-09 10:10 AM | Updated: 09-22-09 05:14 PM

Modern-day home mortgages have been so sliced and diced by rapacious financiers that some homeowners are successfully delaying — or even blocking — foreclosures through the simple tactic of demanding that banks produce the original mortgage note, which amazingly enough is often not so easy for them to do.

As the foreclosure rate continues to set new highs, a little-noticed legal provision that requires bankers, if challenged, to prove they hold the original mortgage documents before getting possession has spawned a minor homeowner rebellion, alternately called “produce the note” or “show me the note“. For homeowners trying desperately to keep their homes, the tactic is one way to buy some time — and maybe even get the upper hand on the lender. Source