EHS Fraud Reports

5/16/11 NH - Blank Endorsement (Ref: NH-011) A fake allonge with a blank endorsement is attached to a mortgage note. Black's Law Dictionary defines an allonge as: "A piece of paper annexed to a negotiable instrument or promissory note, on which to write endorsements for which there is no room on the instrument itself. Such must be so firmly affixed as to become a part thereof. U.C.C. Section 3-202(2)." At odds of probably a million to one, the homeowner in this case learned that a "fake" allonge was attached to his promissory note by the alleged holder in due course of his mortgage note in order to, apparently, substantiate legal standing to foreclose the corresponding mortgage. This particular allonge contained a "blank endorsement" which was intended to make the note a "bearer instrument" which needed, allegedly, only to be in the possession of its holder in order for its holder to be the lawful "holder in due course." However, this allonge turned out to be exactly identical (i.e. an exact copy) to another allonge affixed to another note for another mortgage loan for another property being foreclosed on through the same attorney! This apparent fraud underscores the need for a mortgagor to request a true copy of, or preferably inspect the original copy of, the original promissory note upon which a corresponding mortgagee claims to hold pursuant to a right to foreclose the corresponding mortgage. To request additional information about this listing, please send an email to edsmith@ehsportal.com (with Ref: NH-011 as the subject of the email). The following information must be included in your email: your name your mailing address your email address your phone your reason for requesting the additional information