Loan Assignee Unable To Show It Had Possession Of Note At Time Of Foreclosure

Mealey's (February 27, 2023, 12:13 PM EST) -- HONOLULU — A Hawaii appellate court erred in affirming a state trial court’s grant of summary judgment in favor of an assignee of the mortgage loan in a foreclosure dispute because the assignee was unable, pursuant to Hawaii Supreme Court precedent, to show that it had possession of the note at the time it filed the foreclosure action, the Hawaii Supreme Court ruled in vacating the appellate court’s ruling....