Three Magic Words? - Produce The Note?

Ok, I would like to see some other experts weigh in on the Good Morning America story that was on this morning titled "Produce The Note" based on a AP report story... http://abcnews.go.com/US/wireStory?id=6897985

Sellers that are facing foreclosure are requesting a copy of the original note from the lender trying to foreclose. With mortgages being sold in packages and moved around often it may be hard for many banks to produce a note or proof that they actually own the mortgage they are trying to foreclose on. It is meant as a delay tactic to allow the sellers to try to work a modification or to sell their homes.

I do a lot of work with investors and home owners facing foreclosure and this is the first that I have heard about this so I am wondering if any of my wonderfully bright fellow activerainers can share their experiences with this issue with the rest of us. How do you think this will affect or benefit home values? If you have any advice for the rest of us please share. I am sure with the story making it to GMA some of our customers and clients will be asking and we need to be informed.

Happy Selling!!