A Florida appellate court addressing a fraudulent scheme involving selling duplicate promissory notes, found that “the bank that first perfected its interest in a note and related mortgage is entitled to the priority of its interest.” HSBC Bank USA v. Perez, No. 4D13-3193 (Fla. Dist. Ct. App. May 6, 2015). [Read more…] about Priority of Noteholders in Duplicate Note Scheme
