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Reply #314: Right. But the real property (and the jurisdiction over it) stay put. [View All]

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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-10 08:25 AM
Response to Reply #313
314. Right. But the real property (and the jurisdiction over it) stay put.
"Thus it is possible to buy and sell property in a different state using a notary form the state the Seller is in (even if a different state then where the property is located). "

OK. But this doesn't change a thing: whether the mortgage note attaches to the real property, and in what priority, remains a unique matter of state law. That means that the state will have either statutory or common law on just this subject--i.e. when and how to give effect to mortgage notes executed out of state. That's what this law proposes to supersede.
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