Denise and Nick Purificato signed a note secured by real property in Florida. The note was transferred
Question:
Denise and Nick Purificato signed a note secured by real property in Florida. The note was transferred through several parties to Aurora Loan Services, LLC. The Purificatos defaulted on the payments. Aurora filed a suit in a Florida state court against them, seeking a judgment of foreclosure to recover the unpaid debt. While proceedings were pending, Nationstar Mortgage, LLC, succeeded Aurora and became the plaintiff in the suit. At trial, Nationstar provided a screen shot of the note and an allonge, which had been imaged as a single document before Aurora filed the complaint against the Purificatos. Nationstar also provided the original note and allonge, which ended in a blank indorsement. The allonge stated that it was “affixed and a permanent part of said note.” Did this evidence establish that the allonge was sufficiently affixed to the note to prove Nationstar’s status as the holder with the right to enforce it? Discuss. [Purificato v. Nationstar Mortgage, LLC, 41 Fla.L.Weekly D104, 182 So.3d 821 (Dist.Ct.App. 4 Dist. 2016)] (See Indorsements.)
Step by Step Answer:
Business Law Text And Cases
ISBN: 9780357129630
15th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller