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Home / News / Economy / Lacking indorsement, bank cannot foreclose (access required)

Lacking indorsement, bank cannot foreclose (access required)

A bank that held a promissory note on a Winston-Salem couple’s home cannot foreclose because the note was not indorsed by the previous holder, the North Carolina Court of Appeals ruled in an unpublished opinion May 10. And while the opinion in U.S. Bank National Association v. Pinkney doesn’t create new law, it might serve as ...

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