Practice point: A plaintiff establishes its standing by demonstrating that, when the action is commenced, it is either the holder or assignee of the underlying note. Either a written assignment or the physical delivery of the note prior to the commencement of the foreclosure action is sufficient to transfer the obligation, and the mortgage passes with the debt.
Student note: Where a defendant raises the issue of standing, a
plaintiff must prove its standing in order to be entitled to relief.
Case: Deutsche Bank Natl. Trust Co. v. Cunningham, NY Slip Op 05845 (2d Dep't August 24, 2016)
Here is the decision.
Tomorrow's issue: Reformation of a contract.