225ec8c8_operty_3_Flashcards___Cram_com__rding_system__Brightline_rules
oThe note must be negotiable, made payable to the named mortgagee oThe original note must be indorsed, signed by the named mortgagee oThe original note must be delivered to the transferee. A photocopy is not acceptable. oTransferee must take the note in good faith without notice of any illegality and oThe transferee must pay value for the note, meaning some amount that is more than nominal.
Mortgages What is a holder in due course
Real Property 3 Flashcards - Cram.com