In Good v. Wells Fargo Bank, the court held that: Question 4 options: a) Any party to whom a mortgagee has assigned their rights may initiate foreclosure proceedings. b) Only the holder of the note upon which a mortgage is based may initiate foreclosure proceedings. c) Only the party in actual physical possession of the note upon which a mortgage is based may initiate foreclosure proceedings. d) Only the party that the mortgagor has recognized as the holder of the note upon which a mortgage is based may initiate foreclosure proceedings